Biopharmaceutical company Eli Lilly is to invest €330m in building a new facility at its Kinsale operations in County Cork.
The new facility will lead to jobs for 200 people when it is completed, and there will be 300 construction jobs at the site during building work.
The planned 240,000 square foot biopharmaceutical commercialisation and manufacturing facility will improve Eli Lilly's ability to bring treatments for illnesses such as cancer and diabetes to patients worldwide.
In 2006, the company announced a €300m investment in its first manufacturing facility at Kinsale. It has been in Ireland for over 30 years and now employs around 700 people in Kinsale, Cork City, Sligo and Dublin.
Ed Canary, general manager of the Kinsale site, said the investment was due to the Kinsale site’s excellent performance record, the talent of the workforce, and support from IDA Ireland, which worked closely with Eli Lilly to bring the investment to Kinsale. Minister for Jobs, Enterprise and Innovation Richard Bruton made the announcement in Kinsale this morning.
Meanwhile, drinks and food group PepsiCo has officially opened its new research and development centre for new products in Little Island, Co Cork. The €10m centre currently employs 18 people.
Dublin printing company closes with 60 job losses
A Dublin printing company which published the Belfast Agreement and is mentioned in James Joyce's Ulysses has closed this evening with the loss of over 60 jobs. Wood Printcraft Limited based in Coolock in North Dublin dated back to 1837.
The company had been placed under examinership in March 2010 but had managed to turn things around slightly since then. Workers were told this afternoon, however, that the company had been placed into receivership and that it would close immediately.
All staff were let go today - 13 employees were asked to work until the end of the week to finish existing printing jobs. At its peak the company had employed over 300 people.
