Tipperary has received a second major jobs boost in the space of a week.
Just days after Cahir meat firm ABP announced a €50m development that will see its workforce grow to 600, US pharmaceutical firm Amneal said it is to base a European hub in Cashel.
It represents a massive 300 jobs injection to the town and will have significant knock-on benefits for the local economy.
Amneal is a high-tech generic drug company based in New Jersey that manufactures high end pharmaceutical products, including metered dose and dry powder inhalers (MDIs and DPIs) as well as biosimilars. Each product will occupy approximately 50% of the building. Amneal expects to hire an estimated 250-300 employees at full build-out.
Says Chintu Patel, Amneal Co-CEO and Co-Chairman - “Our new Ireland facility is critical to Amneal’s long-term global growth, in Europe, the U.S. and throughout the world.
“We appreciate the outstanding support from IDA Ireland and others in helping us establish ourselves in County Tipperary and are excited to launch our operations here.”
Amneal will site its facility in the 200,000 square foot former Johnson and Johnson plant in the town.
The plant was sold by owner Solidus Private Equity, a Singapore-based investment firm.
Efforts have been on-going for years to find a replacement for Johnson and Johnson which pulled out of Cashel four years ago with the loss of 130 jobs.
Local government ministers Tom Hayes and Alan Kelly became embroiled in a bitter war of words over the plant last month when Minister Hayes accused Minister Kelly of making a premature announcement of the Amneal deal for his own political gain.
Minister Kelly had announced that an unnamed US firm had bought the plant, and highlighted his role in securing the deal.
But Minister Hayes replied that Alan Kelly was claiming credit for the sale of the plant while Minister Hayes had actually made the first announcement last February.
This week both politicians welcomed the announcement and their role in securing the factory for Cashel.
Amneal’s decision to locate in Cashel further copper-fastens South Tipperary’s growing reputation as a mini Silicon Valley for pharmaceutical and medical companies, as it’s already home to high tech firms including Abbott, Boston Scientific, MSD, Pinewood and Suir Pharma.
Amneal’s arrival will further boost IDA efforts to further enhance the county’s attractions to potential investors.
Amneal says that since its inception in 2002 it has invested extensively in R&D resources, manufacturing infrastructure, and strategic expansion opportunities — all contributing to its significant growth. The company prides itself on its unwavering commitment to quality, strong business relationships, and innovative approach to maximizing value.
IDA chief executive Martin Shanahan said that Amneal has chosen to locate in a facility that had been occupied previously is especially pleasing and is a credit to the IDA executives who are advertising relentlessly ready-to-go sites just like this in boardrooms across the world on a daily basis.”
Minister for Jobs, Enterprise and Innovation Bruton said the South East is an area which has suffered badly from unemployment historically but in the past three years it has seen the fastest rate of jobs growth in the country.
“The project we are announcing with support from my Department represents a massive boost for Cashel and the whole of Tipperary. I wish Chintu and all the team great success with this investment.”