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15/06/2005
US firm to expand Larne facilities with £7m investment
A US based pharmaceuticals firm is to invest £7 million over the next three years at its Northern Ireland base in Larne.
Following the acquisition of Ivex Pharmaceuticals in May 2004, Gambro BCT of Lakewood, Colorado, said it was investing at the Gambro Northern Ireland site with the support of Invest NI, which is contributing £84,000 to the project.
The investment, which aims to enhance Gambro NI’s research and development, as well as operational capabilities, is expected to create 86 new jobs at the company.
Making the announcement Leslie Morrison, chief executive of Invest NI, said: “This investment, which by 2007 will be contributing approximately £2 million annually in additional salaries and wages to the local economy, is great news for Ivex and for the Larne area.
“The investment positions the company for strong growth in the burgeoning international healthcare sector and in particular will equip it to deliver a crucial capability in respect to Gambro BCT’s exciting new automated whole blood processing technology.”
Gary Heath, vice president, Operations of Gambro BCT and director of Gambro NI, said the investment would give the company the opportunity to demonstrate the full extent of Ivex’s capabilities.
“I am confident that by capitalising on the company’s specialist skills and actively pursuing new business opportunities we will secure further growth for the company,” he concluded.
(MB/SP)
Following the acquisition of Ivex Pharmaceuticals in May 2004, Gambro BCT of Lakewood, Colorado, said it was investing at the Gambro Northern Ireland site with the support of Invest NI, which is contributing £84,000 to the project.
The investment, which aims to enhance Gambro NI’s research and development, as well as operational capabilities, is expected to create 86 new jobs at the company.
Making the announcement Leslie Morrison, chief executive of Invest NI, said: “This investment, which by 2007 will be contributing approximately £2 million annually in additional salaries and wages to the local economy, is great news for Ivex and for the Larne area.
“The investment positions the company for strong growth in the burgeoning international healthcare sector and in particular will equip it to deliver a crucial capability in respect to Gambro BCT’s exciting new automated whole blood processing technology.”
Gary Heath, vice president, Operations of Gambro BCT and director of Gambro NI, said the investment would give the company the opportunity to demonstrate the full extent of Ivex’s capabilities.
“I am confident that by capitalising on the company’s specialist skills and actively pursuing new business opportunities we will secure further growth for the company,” he concluded.
(MB/SP)
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