US drugs firm Amneal to reopen Tipperary plant
A US drug manufacturer has bought a manufacturing plant in Tipperary which has been closed for four years.
Amneal Pharmaceuticals, which makes generic medicines, is to reopen the 200,000 square foot facility in Cashel and take on up to 300 staff when up and running at full capacity.
The Government praised the company for selecting the town saying it brings a proven track record of providing steady jobs.
Amneal started in 2002 as a contract drug manufacturer before growing to be the seventh largest US generics supplier by volume.
The Cashel plant was formerly operated by Johnson & Johnson and the new investment has been s upported by the Department of Jobs, Enterprise and Innovation through IDA Ireland.
It will be dedicated to R&D and production of metered dose and dry powder inhalers as well as biosimilars, described as high-end speciality medications.
Jobs Minister Richard Bruton said: "Through our regional jobs plans we are determined to accelerate jobs growth in every region of the country.
"The south-east is an area which has suffered 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 today with support from my Department represents a massive boost for Cashel and the whole of Tipperary."
Chintu Patel, Amneal co-chief executive, said: " Our new Ireland facility is critical to Amneal's long-term global growth, in Europe, the US and throughout the world.
"We appreciate the outstanding support from IDA Ireland and others in helping us establish ourselves in Co Tipperary and are excited to launch our operations here."