UP TO 70 new jobs are to be created at a new pharmaceuticals facility in Grange Castle.
Takeda Pharmaceuticals are to invest €25m in the construction of a new regenerative medicine facility, dedicated to manufacturing a novel stem cell therapy.
Up to 70 construction jobs will be created in the building of the new facility, which is scheduled to be in commercial operation by 2021.
Local Fine Gael TD Frances Fitzgerald welcomed the announcement from Takeda Pharmaceuticals, saying: “I am pleased with this announcement. This is in addition to the €40 million investment in the construction of a standalone production facility which I was delighted to turn the sod on last year.
“Takeda’s decision to invest in Ireland is a great win and a vote of confidence in Ireland and it builds on our ongoing expansion of the sector here.
“The pharma industry contributes greatly to the Irish economy in terms of jobs and exports, and is one of the fastest growing sectors,” said Deputy Fitzgerald.
The new project is set to deliver a boost for the Lucan and Clondalkin areas.
Last week, a €40 million Logistics Park Development was launched by Mountpark EU in Baldonnell.
Deputy Fitzgerald has said that projects such as these show a ‘vote of confidence’ in the workforce of the area.
She added: “This continued investment by companies such as Mountpark and Takeda is a demonstration of the strong business offering that the county has for Irish and International businesses.”