A plant in Clonmel is reopening under new ownership
200 new jobs are set to be created in Tipperary by IQ Pharmatek.
The former Suir Pharma plant in Clonmel, which shut last year, is reopening under new ownership.
Suir Pharma closed with the loss of 130 jobs last May when the company went into liquidation.
IQ Pharmatek is comprised of companies based in Ireland, the UK and the UAE.
It will initially focus on manufacturing products for other international pharma companies.
Company spokesperson Azzam Hussein told Tipp FM they will be up and running within a matter of weeks.
“We are hoping to be back into production within one month’s time.
“We are starting to employ people – 100 people are going to be employed within a month, and for one year we will continue with 100 employees.
“And our target by next year (is) to have another 100 people employed – so in total we are going to have 200 people.”
“The plan for the site is to continue contact manufacturing for international compnaies...and we are targeting the US market, UK market and the Far East market.
“In the next year it will be contact manufacturing, and we will be developing our own range of products”, he added.