Galway-based pharma firm Chanelle Group to build new facility
Chanelle Group, the largest Irish-owned manufacturer of pharmaceuticals, will create 175 jobs in a major expansion of its operations, with a €70million investment.
Chanelle, which already employs 375 people, wants to double its production capacity and add to its research and development capabilities, as it looks to break into the US market for generic drugs.
Founded by local vet Michael Burke in the early 1980s, the company makes both animal health products and human medicines and expects sales to top €100 million in the year to April 2016.
The company has already secured full planning permission and environmental approvals for the proposed 25,000 square foot facility at its site in the IDA Industrial Park in Loughrea. Construction will begin within weeks and is expected to finish in January 2017.
With this new building, Chanelle said it plans to expand into new markets, including the United States, Central and South America and expects to increase sales by 65 per cent over the next five years.
