| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

News Main Page 
 
 News
 Irish
 European
 International
 Asia-Pacific Business Week
 
 Analysis/Comment

RSS FEED


How to use our RSS feed

 
Web Finfacts

Welcome

Finfacts is Ireland's leading business information site and you are in its business news section.

We provide access to live business television and business related videos from: Bloomberg TV; The Wall Street Journal; CNBC and the Financial Times. Click image:

Links

Finfacts Homepage

Global News

Bloomberg News

CNN Money

Cnet Tech News

Newspapers

Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News

 

Feedback

 

Search

News : Irish Last Updated: Dec 19th, 2007 - 13:17:15


US drugs firm Merck & Co to create 170 "high quality jobs" in Carlow
By Finfacts Team
Nov 27, 2007, 15:32

Email this article
 Printer friendly page
Merck's principal Irish plant at Ballydine, County Tipperary

Minister for Enterprise, Trade and Employment Micheál Martin TD today announced that Merck & Co Inc., the global healthcare company and seventh largest pharmaceutical company in the world, is to establish a new €200 million ($280 million) strategic vaccine facility at Carlow Town, with the support of IDA Ireland, where Merck has acquired the 65 acre IDA Business and Technology Park.

The project will support Merck’s expanding global business in human vaccines and biologics and will create 170 new high quality jobs by 2011. Martin said it will employ a highly skilled and technically sophisticated workforce across all areas of management, quality control, production, engineering, R&D and administration.

Merck is a global research-driven pharmaceutical company that discovers, develops, manufactures and markets a broad range of innovative products to improve human health. The new Carlow facility, which will be the first stand-alone human vaccine project in Ireland, will involve a formulation and sterile filling operation and an R&D team to support a number of recently launched vaccines and new products in the future. Merck also intends to seek opportunities to collaborate with Irish academic institutions in the area of biologics production.

Martin said, "This is an excellent day for Carlow and the whole South-East region as it will provide extensive high quality employment opportunities. It will also provide a significant cumulative boost for the region’s economy as, initially, it will provide several hundred jobs in the construction phase and, subsequently, through the facility’s operation, its need for numerous specialist services, purchases of support activities, and the overall ripple effect created by such a substantial investment. The global competition for this investment has been intense and the decision to locate it in Ireland follows an international site selection study by Merck."

"This investment is a further very strong commitment to Ireland by Merck which already has substantial and successful operations in Ireland. I was very pleased a year ago to announce that the company was investing in a new Formulation R&D and manufacturing facility at its manufacturing plant in South Tipperary and I'm delighted to see that construction on this project commenced last month. This latest investment represents a very significant consolidation of Ireland’s high profile position as a successful location for substantial biotechnology global investments," added Martin.

Merck has two existing operations in Ireland employing a total of 460 people - Merck, Sharp & Dohme (Ireland) Ltd, at Ballydine, Co. Tipperary, producing active pharmaceutical ingredients; and Merck, Sharp & Dohme Ireland (Human Health) Ltd, at Leopardstown, Co. Dublin, which is the corporate platform for a number of strategic activities for the company in Ireland.

Dr John T McCubbins, Vice President of Global Vaccine manufacturing for Merck & Co., Inc. said, "The site for this investment, which is a critical part of Merck’s strategy for the future, required a location where we are confident the necessary skilled people, support infrastructure and track record in implementing projects of this scale exists that is why we chose Ireland. To-date our Irish operations have proven their ability to implement additional investments and new activities with great success and without delay. This gives us the assurance that this new facility will be constructed and up and running in Carlow in accordance with our demanding deadlines and the very high standards we require."

"We are very excited about coming to Carlow, one of the fastest growing towns in Ireland. It has strong leadership and deep commitment to economic development that is very evident from the level of economic activity currently taking place in the town. It is centrally located and has an excellent Institute of Technology capable of supplying the necessary skills that we require. It is a very attractive place to live with a wide range of competitively priced housing and plenty of amenities. Carlow is an excellent location to commence the next chapter of Merck's presence in Ireland."


© Copyright 2007 by Finfacts.com

Top of Page

Irish
Latest Headlines
C&C reports plunge in UK cider sales; Revenue and profit margin to fall 10% in year to February 29, 2008
Shannon Development calls for urgent national launch of high-speed fibre Broadband infrastructure across Ireland
Irish SMEs can reduce costs by adopting Green IT
Irish construction employment fell 5.4% in year to November 2007 - actual job losses were about 15,000
Two Dublin Firms "score major deals" during South Africa Trade Mission
Dublin Airport: DAA to start work on €55m extension to Terminal One
Forfás says Employment in IDA and Enterprise Ireland client firms grew by 1,187 in 2007; Over 18,500 people were employed in research activities across Ireland in 2007
Wyeth Ireland invests €5 million in Dublin and creates 24 jobs
Irish Consumer sentiment fell slightly in December 2007
Aer Lingus begins Belfast-London Heathrow service; Ryanair's Michael O'Leary visits Shannon on last day of Aer Lingus service to London
Martin welcomes over 50 Irish Firms on South African Trade Mission
Irish Construction: December data signalled record falls in activity - housing, civil engineering and commercial sectors
Britvic Ireland to cut 60 jobs in Cork
Irish Live Register increased 2,100 in December; Grew 14,987 in 2007 to 171,800 at end of December
Irish Public Service Benchmarking Body Report: Increases recommended for just 15 of the 109 grades examined
Irish Financial Services Ombudsman says complaints increased 15% in 2007
Nuclear Power in Ireland: Government calls for a debate without a deadline to avoid having to make decision
Irish Industrial Sector had best year in 2007 since 2002
Irish National Employment Rights Authority carries out 14,000 inspections; Recovers €2.5m in arrears for workers; Martin launches "major publicity campaign"
Horizon Technology hit by falling revenue and bad debt provision increase of €0.8 million