A major $40m investment by GE Healthcare at Carrigtwohill in Cork is expected to dramatically increase the company’s labour force. GE said the new investment, which is supported by IDA Ireland, would position it for growth in developing precision medicine and biopharmaceuticals.
The group, which currently employs close to 500 people, has announced 140 new jobs.
It plans to double the Carrigtwohill’s facility production capacity of medical imaging contrast media fromr 22.5 million to 43 million units per year.
“The life sciences sector continues to thrive in Ireland. This increase in the production of this diagnostic tool 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.”
Martin Shanahan, CEO of IDA Ireland
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.
The units produced at the Cork base are used in medical scans to aid the diagnosis of disease in 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.
Only three years ago, another $10m was put into the same site, with Paschal McCarthy, MD of global supply chain at GE, calling today’s news a “key development” for the company and the region.
“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.”
Paschal McCarthy, MD of Global Supply Chain at GE
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