Chanelle Group, Ireland’s largest indigenous pharmaceuticals manufacturer, is to create 175 new jobs in Galway.
The company announced plans to expand manufacturing capacity at its Loughrea headquarters and upscale it’s Research and Development with a €70 million investment programme.
Michael Burke, Founder and Managing Director, Chanelle Group commented;
“In the past five years revenue has grown 100% and employment has increased by over 200 people. This growth has been driven by research and development of new products and the expansion into new markets. We invest over €8million annually in research and development and this investment will continue as we launch 75 new products over the next five years in both human and veterinary products.
“Today’s investment programme will double production capacity at our Loughrea manufacturing facility to ensure we can meet the global demand for both our – market-leading pharmaceuticals and the new products in development.”
Mr. Burke added that Chanelle Group will be expanding into new markets including the United States, Central and South America. He expects revenues to increase by 65% over the next five years.
175 new jobs will be created bringing total employment in Chanelle Group to over 550 people. These will be high value jobs. 50% of Chanelle Group’s existing workforce holding a 3rd level qualification.
Construction on the expansion of production facilities which will add 30,000 sq.ft. of manufacturing plant will commence in March. 45 jobs will be created during construction.
Chanelle Group currently employs 375 people in Ireland, the UK, Jordan and India.
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