The talks are understood to be at an advanced stage with the multibillion dollar-valued multinational in a move which would create hundreds of jobs in the southeast.
Waterford has established itself as a suitable base for pharmaceutical manufacturing following the success of Genzyme, which employs 500 people in the area. In February last year the company, which is owned by Sanofi, said it planned to invest €44 million there to allow it begin making its insulin drug, Lantus, by 2016.
The new investment in Waterford is by an as yet unnamed multinational which does not have a presence in the southeast. The name of the pharmaceutical company is being closely guarded but the existence of the project is indicated in a tender document issued by Waterford City and County Council.
The IDA declined to discuss the matter and issued a statement.
“IDA Ireland markets sites and properties throughout Ireland to potential inward investors. Among these properties is a 21.76 hectare site at Knockhouse, Old Kilmeaden Road, Waterford.
“In order to enhance the attributes of this site to potential inward investors, IDA has asked Waterford City and County Council to carry out site-leveling works during the summer/autumn of 2014″
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Ken Murphy graduated from University College Cork in 1987 with an Electrical Engineering degree before moving to the US as a Network Design Engineer with BellSouth Corporation. His return to Ireland in 1989 heralded a career which concentrated on the multinational sector, and involved working with companies such as Apple Computer, Cabletron, FMC Automotive, Moog, General Semiconductor and Technicolor.
Ken is a specialist in quality management, purchasing, logistics and supply chain management. He has significant expertise and experience in managing the changing demands of the global media, electronics and automotive sectors at operational and project management levels.
Ken leads CareerWise Recruitment’s Cork operations. He has served on local and national committees of IPICS (The Supply Chain Management Institute), CIPD, the Cork Electronics Industry Association (CEIA), and has completed a three-year term as Chair of the UCC Alumni Board.
Ken has recently been elected as a Director of the Cork Chamber for a four year term to help promote business and drive policy objectives for the Cork Region
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