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Press Clipping / Nov 25, 2024

Pharma company announces expansion of Cork facility to create more than 20 new jobs

EchoLive, 25 November 2024

International pharmaceutical contract development and manufacturing organisation (CDMO) Hovione has today officially commissioned an expansion at its manufacturing facility in Ringaskiddy.

The multi-million euro investment almost doubles the capacity of Hovione’s spray drying facilities in Ireland and will create more than 20 new positions.

Hovione said this latest investment reinforces the company's position as a global leader in spray drying for pharma applications.  

This manufacturing technology, the company explained, is "especially important for inhalable therapies and oral medications with low bioavailability, enabling more effective treatments". 

Deputising for the Mayor of the County of Cork, councillor Audrey Buckley said: 

“I am delighted to welcome this very significant investment and the creation of further highly skilled jobs in Cork today. 

“It reinforces Hovione’s commitment to the region and the innovative solutions it provides to the pharmaceutical industry in Ireland.”

Meanwhile Michael McGrath, the European Commissioner-Designate for Democracy, Justice and the Rule of Law, welcomed the expected jobs boost the expansion is to create. 

“This latest investment highlights the success of Hovione’s facility in Ringaskiddy, and underlines the continued resilience of Ireland’s pharmaceutical manufacturing sector. 

“I am delighted that Hovione will be shortly welcoming new team members to this expanded facility, and I wish both them and Hovione every success”.

Jean-Luc Herbeaux, Hovione's chief executive said: “This newly opened facility further strengthens Hovione's position as the global CDMO of choice for spray drying development and manufacturing services. 

“It also underscores our commitment to bringing first-in-class technology and world-leading manufacturing services to Irish shores. 

“Ireland provides a superior environment for pharmaceutical manufacturing, and we are delighted to be a part of it.”

CEO of IDA Ireland, Michael Lohan, said Hovione "has made a significant contribution both locally and nationally through employment and investment alike".

"We warmly welcome Hovione’s commitment to investing in Cork and we wish them continued success," he added. 

 

Read the full article on EchoLive.ie

 

 

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