Janssen to invest more than 300 million euros in the Ringaskiddy plant
Cork today received a significant increase in employment with confirmation from Janssen Sciences Ireland that it will invest more than 300 million euros in an expansion of its manufacturing plant in Ringaskiddy which will create 200 new jobs.
Expansion work will begin later this month and provide jobs for up to 450 people over the two-year construction period, which will see existing manufacturing space in the lower area of Cork Harbor increase by nearly 20,000 m².
Tánaiste and Minister of Business Frances Fitzgerald warmly welcomed the expansion which will see Janssen’s workforce in Ringaskiddy increase to over 750, while its workforce in Ireland at 11 locations in Cork, Dublin and Limerick will increase to 2,700.
“The pharmaceutical industry makes a huge contribution to the Irish economy in terms of jobs and manufacturing exports, and is one of our fastest growing sectors. This expansion announced today by Janssen is a strong commitment to our country and I wish them continued success.
Confirming the announcement of the expansion on behalf of Janssen, Remo Colarusso, vice president of manufacturing and technical operations, said the expansion of the Ringaskiddy plant will increase the company’s global manufacturing capacity for biological drugs.
“Our Ringaskiddy site is an important part of Janssen’s global manufacturing network and this expansion will allow us to grow into a site that offers state-of-the-art infrastructure, a high performance culture and top talent,” said Mr. Colarusso.
Kyran Johnson, managing director of Janssen Supply Chain Ireland, said the expansion was an important vote of confidence in Ringaskiddy and would allow the plant to meet the company’s growing demand for drugs in the areas of multiple myeloma, rheumatoid arthritis and Crohn’s disease.
Martin Shanahan, Managing Director of IDA Ireland, said Janssen, which is headquartered in Belgium and part of the Johnson & Johnson Group, has a significant footprint in Ireland with operations in Dublin, Limerick and Cork, and the latest expansion has been a big boost to the Cork region.
“This investment in Ringaskiddy will have a significant economic impact in the southwest region both during the construction phase and when the facility is fully operational,” said Mr. Shanahan, noting that the company operates at the site of 40 hectares of Ringaskiddy since 2005.