540 new Northern Ireland jobs announced in major Randox expansion
Medical firm Randox will create 540 jobs in Northern Ireland over four years as part of a major expansion resulting from a £29m capital investment.
The announcement was made today by First Minister Peter Robinson and Deputy First Minister Martin McGuinness.
Randox, based in Crumlin, Co. Antrim, is a leading firm which specialises in the development of innovative diagnostic tests and technology, primarily targeted at hospital, clinical, food safety, toxicology and veterinary laboratories in more than 145 countries.
Randox Laboratories Ltd announced a £161 million investment, including the creation of 540 jobs. Researchers will develop treatments for cancer, stroke and heart disease.
The new facilities, at the site of the former Massereene army barracks in Antrim, have the potential to expand further.
The complex stretches to almost 17 hectares and incorporates more than 44,000 sq yards of buildings and warehouse space.
Redevelopment work will cost £29 million and the jobs will be created over the next four years.
Randox has a range of more than 2,000 products.
Mr Robsinson said: “This substantial £29million investment creating 540 new quality jobs in Northern Ireland will enable Randox to develop a new manufacturing site in Antrim, which will house a modern manufacturing facility, state-of-the-art research and development laboratories and administration office space.
“Today’s announcement will underpin the company’s aim of increasing revenues by 60% to almost £150million by 2018 through more efficient manufacturing and by speeding up the development of new products.
“Randox currently employs almost 800 people in its sites in Northern Ireland and, as a result of today’s announcement, that figure will rise to 1,300 employees by 2018. This is very welcome news."
Mr McGuinness said: “This is a phenomenal announcement by Randox one of our major exporters. The new jobs will generate over £16.2 million a year in salaries to the local economy with an average salary of £30,000. The new jobs will include production, administration, research, sales and marketing posts.
“Randox’s ability to diversify into new markets with new products demonstrates innovation is central to everything they do. Their continued success will not just create jobs and boost the economy but potentially save lives."
Enterprise Minister Arlene Foster said: “Randox is one of our most successful indigenous companies and a cornerstone of our important and growing life sciences sector. This investment in new premises and new staff will ensure that it is able to take advantage of market opportunities in the healthcare diagnostic market, which is set to grow rapidly over the coming years.”
Invest Northern Ireland is supporting the investment with an offer of over £4.7million.
Managing Director of Randox Dr Peter FitzGerald said: “Randox’s share of the global market is steadily rising, with around 5% of the world’s population diagnosed using Randox products. To continue our expansion we must invest in our manufacturing, engineering and research and development facilities.
“Our new facility, which will be called the Randox Science Park, will be a futuristic manufacturing plant, with increased capacity and efficiencies, as well as housing pioneering R&D labs. We are also seeking to recruit high calibre staff across a range of disciplines to help us develop, produce and sell Randox’s revolutionary diagnostic solutions, ensuring that individuals worldwide, have access to timely and correct diagnosis. ”
Over the last three years Invest NI has also supported a number of R&D projects carried out by Randox.
South Antrim DUP MP Dr. William McCrea welcomed the announcement.
He said: "Today's wonderful announcement by Randox Laboratories is a vote of confidence in the Antrim community.
"That a major company such as Randox, which already operates in South Antrim should choose to undertake such a massive expansion shows the confidence they have in the skills base of the local area.
"I know that the creation of 540 new jobs will be a welcome boost to this constituency. I am delighted that Randox have chosen to invest so heavily in South Antrim. I know that their faith in the area is well-placed."
Belfast Telegraph Digital