The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Chemicals And Pharamceuticals Manufacture Of Basic Pharmaceutical Products And Pharmaceutical Preparations 21 - Manufacture of basic pharmaceutical products and pharmaceutical preparations
267 jobs Number of planned job creations
Announcement Date
27 October 2006
Employment effect (start)
Foreseen end date
31 October 2011
Description
French pharmaceutical company Servier will invest 184 million euro and create 267 jobs in Kilkenny and Wicklow.
The Paris-based company will spend 69 million euro expanding its Arklow (County Wicklow) plant, which was established in 1985 and currently employs 206 people in the manufacture of pharmaceuticals for supply to international markets. The company plans to create 112 new jobs in Arklow over the next five years.
Servier also announced that it will build a new 115 million euro facility on an IDA Ireland site in south Kilkenny, about four miles from Waterford city and adjacent to the port of Waterford. Construction of the plant, which will manufacture pharmaceutical ingredients, is expected to take up to three years. It is expected to employ 155 people.
Servier is the 14th largest pharmaceutical company in Europe. It develops cardiovascular, cancer, diabetes and central nervous system drugs. The company employs 17,500 people worldwide and had a turnover in 2004/05 of 2.8 billion euro.
Sources
27 October 2006: The Irish Times
Citation
Eurofound (2006), Servier, Business expansion in Ireland, factsheet number 64349, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64349.
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