Industry & Business

SK Biotek is First South Korean Pharma Company to Invest in Ireland

 Breaking News
  • Irish Manufacturing Renaissance in Peril “Manufacturing is incredibly important to our economy and we are going through a ‘Renaissance’. Our economy has been performing strongly and manufacturing is at the centre,” said Fergal O’Brien (pictured), Director of Policy and Chief Economist, IBEC, when addressing the recent National Manufacturing and Supply Chain Conference at Citywest Hotel in Dublin. “Ireland is one of [...]...
  • Winners of the 2019 IMR Manufacturing and Supply Chain Awards Former CEO and non-executive director of Creganna-Tactx Medical, Helen Ryan has been crowned the Outstanding Industry Contribution winner at this year’s IMR Manufacturing and Supply Chain Awards. The event, which celebrates the finest in Irish manufacturing, took place at the Citywest Hotel Convention Centre on the evening of the 17th of January, following the record [...]...
  • Manufacturing Sector Represents Almost a Third of the Irish Economy The Irish manufacturing sector employs over 250,000 people and accounts for 32% of Ireland’s GDP – significantly higher than the European average of 15% and Germany at 21%, according to Martin Shanahan (pictured), CEO of IDA Ireland. Manufacturing also plays a key role in helping to address the regional imbalance in the Irish economy with [...]...
  • National Manufacturing & Supply Chain Conference & Exhibition 2019 Sets New Records The recent National Manufacturing and Supply Chain Conference & Exhibition, held at the Citywest Exhibition Centre, Dublin, set new records in terms of its scale and visitor numbers. More than 5,000 people from all over Ireland attended the 2019 National Manufacturing and Supply Chain Conference & Exhibition, which incorporated a comprehensive conference programme featuring 220 speaks [...]...
  • Ireland’s Ocean Energy Test Facility Opens Lir, Ireland’s ocean energy test facility, has been officially opened in Ringaskiddy, County Cork by Minister for Foreign Affairs Simon Coveney, TD. Located in the €20 million UCC Environmental Research Institute (ERI) Beaufort building, Lir – the National Ocean Test Facility – provides world-class laboratory testing for offshore wind, wave and tidal energy devices. The [...]...

SK Biotek is First South Korean Pharma Company to Invest in Ireland

SK Biotek is First South Korean Pharma Company to Invest in Ireland
January 30
09:47 2018

The Irish and South Korean flags have been ceremoniously raised in the grounds of a pharmaceuticals manufacturing campus in Swords, Co. Dublin, which has been acquired by SK biotek, a global life sciences company, the first Korean pharma-company to invest in Ireland. SK biotek is a solely owned subsidiary of SK Group – a Top 100 Fortune 500 Global Company which employs 84,000 associates globally with annual revenue of €99.7 billion.

SK biotek announced the acquisition of the former Bristol-Myers Squibb API (active pharmaceutical ingredients) facility in Swords, Co. Dublin in June 2017 and completed the deal by year-end 2017.

Over 360 staff employed on Swords Campus, dedicated to API Operations, transitioned to SK biotek employment from 1st January 2018.

The acquisition of Swords Campus represents the progression of a growth plan for SK biotek to become a top tier global contract pharmaceuticals manufacturing firm by 2020.

SK biotek has confirmed that it plans to operate and develop Swords Campus as a stand-alone Contract Development Manufacturing Organization (CDMO), which will manufacture pharma products to specification for other pharmaceutical companies on a contract basis.  SK biotek has also confirmed that it intends to add marketing, research and development (R&D) talent, while investing to bring additional API manufacturing capacity to Swords Campus.

Speaking at the recent ceremonial flag-raising ceremony Dr. Junku Park PhD, Chief Executive Officer of SK biotek, commented: “With Ireland being at the forefront of global pharmaceutical manufacturing excellence, Swords Campus brings with it a strong legacy and rich history – which spans 50+ years of excellence in pharma production. The stellar reputation of Swords Campus both in manufacturing and regulatory affairs, and most importantly in its talented workforce who are joining us on the journey, will greatly help to drive our near-term ambition to become a leading global CDMO. We plan to enhance technological capability and manufacturing capacity and build long-term partnerships with existing and new customers and look forward to growing our presence in Swords in the coming years.”

Dr. Park added, “Our early experience of operating in Ireland in working through the acquisition has been very positive. Ireland has a welcoming business environment and a talented workforce. The work-place and cultural engagement has been highly positive and IDA Ireland’s assistance with guidance, introductions and local knowledge has also been very encouraging and much appreciated. The establishment of our first manufacturing campus outside of South Korea offers great opportunity for growth which will in turn create additional and exciting new opportunities for our staff in Swords.”

Minister of State Michael D’Arcy TD said: “This investment by SK biotek is a great vote of confidence for what Ireland has to offer, particularly our talented and flexible workforce.  The pharma sector is one of our fastest growing sectors and makes a huge contribution to the Irish economy in terms of jobs and manufacturing exports. The Government is keen to support dynamic pharma companies like SK biotek and I am pleased to hear of its ambitions for the future.”

CEO of IDA Ireland Martin Shanahan said: “Companies like SK biotek come to Ireland because of the high-level of plant engineering capabilities and our rich and strong pool of talent available in the sector. SK biotek has joined a world-class ecosystem of pharmaceutical manufacturing in Ireland and they will have the full support of IDA Ireland as they grow their operations here.”

CAPTION:

Dr Junku Park, PhD, CEO of SK Biotek, and Minister of State Michael D’Arcy TD.

About Author

admin

admin

Related Articles

New Subscriber





Subscribe Here



Advertisements



















National Manufacturing Conference & Exhibition 2018

NIBRT Springboard Success Stories



Upcoming Events

  • No upcoming events
AEC v1.0.4