The Minister for Business & Employment, Ged Nash TD, has warmly welcomed the announcement by biopharmaceutical company Bristol-Myers Squibb that it is to build a brand new biologics manufacturing facility in County Dublin.

The company today announced that it would be creating up to 400 highly skilled jobs and a further 1,000 construction jobs as part of a major expansion in Cruiserath, County Dublin.

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The state of the art facility is expected to cost in the region of €700 million euros to build and operationalise and is one of the biggest investments in the life sciences sector of recent times.

Minister Nash said, “This is fantastic news for Dublin and indeed for Ireland and signals the confidence that Bristol-Myers Squibb has in this country. The major investment builds on the 50 years of manufacturing history the company has with Ireland.

“The announcement today is a huge boost for the construction sector as 1,000 jobs are expected to be created as part of the building programme, with a further 350-400 jobs for scientists, engineers and other highly skilled professionals when the facility is completed.

“Ireland is competing on the world stage to attract such major inward investment and we are winning. Our pharmaceutical industry is one of our most important sectors and today’s announcement shows that the plans we have related to boosting employment in manufacturing are working. Our highly skilled workforce, our research and development capacity and our supportive business environment are all contributing to winning major investment, as we have today,” he concluded.

The new biologics manufacturing facility will produce multiple therapies for the company’s biologics portfolio. The facility will be built on the grounds of the company’s existing pharmaceutical manufacturing plant in Cruiserath, County Dublin. Construction is expected to begin next year.