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PHARMACEUTICAL COMPANY SANOFI announced today that it will invest €44 million in the Genzyme biotechnology campus in Co Waterford.
More than 500 people are employed at Genzyme Waterford, which produces products for patients living with rare genetic diseases, kidney disease and cholesterol management requirements that are shipped to more than 70 countries around the world.
The investment will increase the site’s range of products by adding the filling of Sanofi’s insulin glargine product which is the number one insulin brand worldwide.
Sanofi acquired Genzyme almost two years ago and the company said today it has been “continually impressed with the record of achievement” at the Waterford site.
Visiting the site today, Minister for Jobs, Enterprise and Innovation, Richard Bruton said this investment, which comes on top of a €150m investment little more than a year ago, will “ensure that this facility can produce the company’s latest product and provides an indication of the Waterford site’s strategic value”.
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About time ,good news for waterford
Very good news, might even create spin off business in haulage, cafes, maintenance and much more
Great news. More More! Let’s get the ball rolling. Onwards and Upwards.
Great new for a place log suffering from big job losses. A solid step in the right direction.
”Great new for a place log suffering from big job losses”
I get this is supposed to be a positive statement but for F**K sake check your spelling before hitting submit
Jesus 4 comments and nobody has slated the government or complained because. The government should have got a 55 million investment or some other anti government rant
Wait for it Jay! They will be here later with their boring predictable negativity.
They will manage to get the statement “kick the can down the road ” in or “austerity dosent work” i dunno how theyll manage it but itll be like magic
Pharmaceutical manufacturing is the one the biggest industries in Ireland, Pharma giants run operations from Ireland for many reasons, the main one been that Irish people operate these companies very efficiently under strict regulatory conditions as set by the Irish Medicines Board, good news all round.
Excellent news glad one industry is not here just to exploiting tax loop holes
Exactly. Plenty have come for the tax rate and stayed for the quality. It’s great for Waterford that Sanofi is another one.
But no new jobs!!!!!!
Over 200 construction jobs.
Article doesn’t say anything about that.
Thomas
Stop being an idiot. First there are constructions jobs and then there’s protection of existing jobs and then there’s a plant to compete for the production of new research based products in the Sanofi Aventis world. This is exciting and hugely positive news.
Now do you understand?
Don’t bother applying by the way.
I agree it doesn’t say it in the article about the jobs. I heard it on WLR at 6 o clock. They are highly specialised jobs that properly won’t be from Waterford but at least they are jobs coming into the place.
Oooh. Bit grumpy are we Richie.
Richie, the only way you’d see my CV was if I applied to the FG communications office which isn’t very likely.
Tommy
No, just fed up with the negative whingy whiny moans types that would be much better out of the workforce because they suck the lifeblood out of good Organisations.
No jobs there in construction also. This facility is aready built!
You are very presumptuous Richie. A big investment in technology doesn’t necessarily mean more jobs & the article mentions nothing about jobs. Waterford & the SouthEast has higher unemployment that the BMW region yet does not get the same level of grant support for job creation as those areas. Waterford & the SE needs JOBS, this investment while welcome doesn’t deliver Jobs. I’m sorry we can’t all be jolly jokers like you all the time. & as soon as Celtic score an equaliser I’ll be very happy.
In the short term it’s good news for Waterford. But in the long term I’m not so sure. I was under the impression that there is no workers union in Genzyme. So when the company has made its billions and decides to pull out of Waterford in ten or twenty years the workers won’t have a leg to stand on.
47 lost with the closure of b&q
I wpuldnt consider 20 years being short term ..
Cant see that happening alot of pharmaceutical company’s set up in Waterford with nearly 20 years and they don’t seem to want to leave and only invest money in Waterford. Glaxosmithkline have 2 plants in Dungarvan and have only finshed expanding one of the plants . This is Genzeme second major investment in Waterford.
GSK laid off 100 or so workers in 2012.
Adam that is the sort of union attitude that gives unions such a bad name, a positive announcement from a progressive company that not only invests hugely in its staff but make many contributions to the local community and events. And your spin is they might possibly screw someone a decade or so down the road. Extremely short sighted I reckon…
Lol… Biochemists and bioengineers are a different class of workers to retail. Unions only really have purpose where the balance of power would unfairly on the employers side
Hope it will create more employment for our graduates who have to leave Ireland to work in the science field.
have your say