Gilead plans to invest $47M+ to boost its capacity in southern Ireland
Gilead is adding itself to the list of big names building out multimillion-dollar expansions in Ireland.
The pharma is expanding its facilities located in the town of Carrigtwohill, Ireland, in County Cork in the south of the country. Gilead plans to sink €45 million ($47.5 million) into the expansion which will be used to construct a 55,714-square-foot warehouse, according to a statement emailed to Endpoints News. The investment will result in a small increase in its employee headcount in Cork, a Gilead spokesperson said, but no other details were given beyond that.
The spokesperson said:
Gilead’s operations in Ireland are a critical part of its global supply chain. This development will facilitate additional future investment in the company’s manufacturing and packaging capabilities in the country, as the site looks to support an expanded Gilead product portfolio in the years ahead.
As reported by The Irish Times, Gilead aims to start construction in April and expects to be finished by November of next year. The warehouse will provide storage for both finished products and raw materials.
The 366,000-square-foot manufacturing site in Cork is responsible for 30% of all of Gilead’s solid oral drug development, with 24 of its products being produced or packaged at Carrigtwohill. The site, according to Gilead’s website, is also responsible for production, quality control and packaging for the distribution of its products to the EU and other spots internationally.
Gilead is already in good company in Carrigtwohill, as several major pharmas have manufacturing sites in the town and also have plans to expand.
The German drug manufacturer Merck KGaA is investing approximately €290 million ($306.1 million) to increase its membrane manufacturing capacity in Carrigtwohill and support its gene therapy manufacturing capabilities. The latest plan comes on top of a €36 million ($38 million) investment in 2021 for another production line at its facility.
AbbVie is also injecting €60 million ($63.3 million) into its manufacturing site in Carrigtwohill and plans to boost its headcount by 70, but other details were not available.