Industry & Business

GE Healthcare invests $40m to create 140 jobs in Cork

 Breaking News
  • Largest Ever European Investment Bank Support in Ireland The European Investment Bank is to provide a loan of €490 million to support construction of the new children’s hospital in Dublin. This represents the largest ever financial engagement by the European Union’s long-term lending institution in Ireland and the EIB’s first backing for a hospital in the country. The new children’s hospital project includes two [...]...
  • Strabane Manufacturer to Invest Over £7 Million in Ambitious Expansion Strabane-based Fabplus is planning to more than double its workforce and turnover with support from Invest Northern Ireland. The investment is part of a three year expansion plan to increase its market share in the Republic of Ireland and Great Britain, and gain a foothold in mainland Europe and Scandinavia. Recruitment is underway to employ 83 additional staff at [...]...
  • PM Group Appoints a New Non-Executive Director Michael McNicholas has been appointed as a Non-Executive Director of Project Management Holdings (PM Group), the Irish headquartered international project delivery specialists. Michael McNicholas. Michael has over 35 years’ experience in senior leadership positions in the public and private sectors. He is the former CEO of Ervia, NTR plc and Managing Director of ESB International.  During his [...]...
  • Center Parcs Signs Contract With John Sisk & Son As construction activity on the much anticipated €233 million Center Parcs Longford Forest resort in County Longford ramps up, the company has announced it has formally awarded two major construction contracts to Dublin-based construction firm John Sisk & Son. The contracts for the construction of the 470 lodges and 30 apartments as well as the state-of-the-art centre [...]...
  • Medi-Shower Invests in Innovation to Drive Export Growth Multi-award-winning manufacturer Medi-Shower has created ‘smart showerhead’ technology which can reduce the risk of Legionnaires disease. The cutting edge product, developed with R&D support from Invest Northern Ireland is designed to meet the high requirements for hygiene within the healthcare sector. It reduces the risk of waterborne infection from bacteria that can build up due to poor design [...]...

GE Healthcare invests $40m to create 140 jobs in Cork

GE Healthcare invests $40m to create 140 jobs in Cork
December 01
16:23 2015

GE Healthcare today announced a $40 million investment in its manufacturing facility in Carrigtwohill, Cork.

Employment at the Cork facility, which currently stands at almost 500 people, is expected to increase by 140 people. The investment which is supported by the Department of Jobs, Enterprise and Innovation through IDA Ireland, will double the Carrigtwohill facility’s production capacity of medical imaging contrast media – from 22.5 million to 43 million units per year.

This significant investment will position GE Healthcare globally for growth in developing precision medicine and biopharmaceuticals.

Paschal McCarthy, Managing Director, Global Supply Chain at GE Healthcare said: “Today’s announcement represents a key development in the journey of our facility here in Carrigtwohill. We are proud to be part of GE Healthcare’s Life Sciences division as it grows and positions itself to meet the international demand for precision medicine, biologics and other advanced medicines such as cell and immunotherapies. Most importantly, this investment in our facility represents a significant vote of confidence in our people and their commitment to delivering the very best possible products available in the market”.

Minister for Jobs, Enterprise and Innovation, Richard Bruton TD said: “Manufacturing is a key sector which we have targeted as part of our Action Plan for Jobs. This is an area which was neglected in recent decades but we have put in place a range of measures to support growth and in recent years we have seen a strong jobs performance. Today’s announcement that GE Healthcare is investing $40 million and creating an extra 140 jobs in Carrigtwohill is a great boost for Cork and for manufacturing in Ireland. I wish Paschal and the team every success with this project”.

Welcoming the expansion, Martin Shanahan, CEO, IDA Ireland said: “The life sciences sector continues to thrive in Ireland. This increase in the production of this diagnostic tool of almost 100% is a real endorsement of the Carrigtwohill facility by GE Healthcare. IDA Ireland will continue to target further investment in this sector in the coming months”.

Established in 1992, GE Healthcare’s Cork facility fills, packs, and distributes contrast media used in medical scans to aid the diagnosis of disease to more than 80 markets internationally.  Contrast media is commonly used during MRI scans and may be ingested by or injected into a patient in order to improve the visibility of the body’s internal structure. Today’s announcement builds on the development of a $10 million production suite at the Carrigtwohill facility in 2012 which saw the site’s manufacturing capacity increase by over fifty percent at that time.

Headquartered in the United Kingdom, GE Healthcare is a unit of General Electric Company (NYSE: GE). Worldwide, GE Healthcare employees are committed to serving healthcare professionals and their patients in more than 100 countries. GE Healthcare provides transformational medical technologies and services to meet the demand for increased access, enhanced quality and more affordable healthcare around the world.

About Author

admin

admin

Related Articles






New Subscriber





Subscribe Here



Advertisements
































National Manufacturing Conference & Exhibition 2016

NIBRT Springboard Success Stories



Upcoming Events

  • No upcoming events
AEC v1.0.4