Almac Pharmaceutical Firm in Craigavon creates 229 jobs
Almac Pharma Services in Craigavon have created 229 new jobs as part of a £13.7 million investment in two areas of its business, incorporating a commercial manufacturing expansion. These 229 jobs will be created over the next three years. This big profit surge of pharmaceutical firms is evident in another Northern Ireland company, Norbrook Laboratories. Both of these companies have announced an increased turnover and profits. Norbrook Laboratories said that they have seen continued improvement in turnover across all of its business activities during the year.
Investment Northern Ireland has also offered Almac Pharma Services £2.05 million to the project, which will enable the jobs to be filled over the next three years. In September 2011 Almac group saw a pre-tax profit increase of 29% to 18.9 million; therefore these roles will be available because of their increase in profit and generous investments. Pharmaceutical recruitment companies, like us at Clinical Professionals, are very interested in the advantages of these jobs. As the roles will be in compliance, quality control and formulation drug testing, further strengthening pharmaceutical positions within the sector.
The added manufacturing capability enables more speed and efficiency, particularly in early stage of the projects. The new jobs would deliver £5.5 million annually in salaries. Enterprise Minister Arlene Foster has sung the praises of what “good news” the investment is, and that is would benefit Northern Ireland’s position in the “wider life sciences sector”.
Sources: Silicon Republic
BBC News Northern Ireland – June 11th
BBC News Northern Ireland – June 8th