Lilly To Invest 330 Million Euro In Cork

Eli Lilly and Company, a global leader in biopharmaceuticals, is to invest 330 million Euro in a brand-new facility at its Kinsale campus in Cork.

The investment will combine expansion of the Kinsale site's existing biopharmaceutical mission with the establishment of an new world-class manufacturing facility.

The new facility, when fully operational, will require up to 200 highly skilled employees.

In addition, a further 300 construction jobs will be created on the site during building works.

The planned 240,000-square-foot biopharmaceutical commercialisation and manufacturing facility is intended to further enhance the company's ability to bring treatments for illnesses such as cancer and diabetes to patients worldwide.

This is the second large investment Lilly has made at its Kinsale site in recent years.

In 2006, the company announced a 300 million Euro investment in its first biopharmaceutical manufacturing and new-product commercialisation facility at its Kinsale campus, which came on-stream in 2010.

Responding to the announcement, Minister for Jobs, Enterprise and Innovation Richard Bruton TD said: "The Action Plan for Jobs, which the government published recently, outlined a range of measures which we will take in 2012 to target the high-end manufacturing and health/life sciences sectors for further growth and also to deepen and develop the impact of multinational companies in Ireland.

"The announcement--that this world-leading company is making a substantial investment in expanding its facility in Kinsale with the creation of up to 200 permanent jobs--shows what is possible in these areas.

"The Government is determined to ensure that more announcements like this become real in the coming years", Bruton added.

"By implementing the Action Plan for Jobs, we can support more businesses, rebuild the economy and create the jobs we so badly need".

Ed Canary, General Manager of the Kinsale site, said: "This investment is an endorsement of the Lilly Kinsale site's success in developing a biopharmaceutical business in recent years and demonstrates our ability to rise to that challenge.

"This is in no small part due to the site's excellent performance record, the talent of the workforce, and the support from IDA Ireland.

"In the past five years, we have hired and trained some highly talented people and now have a technical talent base and capability in biopharmaceutical commercialisation and manufacturing that makes us a very attractive company for highly skilled people", he concluded.