Pharma giant Pfizer has decaled its plans to invest €1.2billion at its Grange Castle manufacturing site in Dublin. Moreover, the expansion in Ireland is likely to create around 500 new job roles in Ireland.

$1.2 billion investment in Ireland

There were rumors surfacing around that Pfizer is planning to a huge investment in Ireland since last month. However, the company has now announced the expansion project which is much larger in scale than initially expected. On Thursday, Pfizer came up with an announcement that the pharma giant is injecting $1.2 billion at its manufacturing site in Ireland. Moreover, the company also announced that the project will bring 400 to 500 new job at the plant by 2027. Significantly, these new job additions will bring Pfizer’s overall headcount in Ireland to 5,500. In addition, the project will also help the company to expand its production capacity.

500 jobs in next 5 years

This investment from Pfizer is the company’s largest in Ireland. Moreover, Pfizer will build a new facility Grange Castle campus. Hence, the new facility will double the capacity for biological drug substance manufacturing at the site. Previously, Pfizer invested €40m at its Ireland site which led to creation of 75 new jobs at the Grange Castle facility. Pfizer has announced that the construction at the new site will start in 2024 and is expected to complete in five years. Moreover, the project is currently in the preliminary design phase.

“Grange Castle has played a critical role in our global Covid-19 vaccine network, and this investment for non-Covid licensed and pipeline products will help to further expand the site’s broad and robust capabilities.” Mike McDermott, chief global supply officer and executive VP at Pfizer said in a statement. Furthermore, he added that the move will significantly strengthens Pfizer’s operations in Ireland.

Pfizer’s other Irish manufacturing sites are in Newbridge, Co Kildare, and Ringaskiddy, Co Cork. Significantly, the company’s total investment to date in Ireland now stands in excess of $9bn.

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