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300 highly skilled jobs

Posted by Francis O' Toole on December 18, 2013

US pharmaceutical company plans to build a new production facility in Limerick which will create 300 highly skilled jobs over the next three years.

Regeneron Pharmaceuticals is seeking planning permission for a major production hub on a site, previously owned by Dell in the Raheen Business Park.

The project, which supported by the Department of Jobs through IDA Ireland, would represent a major boost to the Mid-west economy.

New-York based Regeneron is one of the fastest growing biopharmaceutical companies in the US, and develops medicines for a range of illnesses including eye diseases and colorectal cancer.

The IDA has been working to attract its business here for four years.

The company is seeking planning to build its $300 million facility on the Limerick city site, which has been vacant since 2009.

The project would involve a the major refurbishment of existing buildings on the site as well as the construction of a quality control laboratory, which would transform the site into a biopharmaceutical campus.

Subject to planning, the construction and refurbishment is anticipated to begin in 2014 for a two-year period, and will generate up to 600 temporary construction jobs.

When up and running, the company expects to employ up to 300 people by the end of 2016, including scientists, engineers, technicians and administrative personnel.

The company said the main factors attracting it to locate in Ireland was the highly educated workforce and the strong biopharma industry already located here.

Welcoming the announcement, Minister for Jobs, Enterprise and Innovation Richard Bruton said: “Sustaining and building on Ireland’s strong track record in pharmaceuticals is a key objective of our action plan for jobs.”

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