The bill for Swiss pharma giant Roche in decommissioning and demolishing its Clare plant has totalled €23.3 million over the last two years.
Accounts show that Roche Ireland Ltd last year recorded losses of €24.17m as its bill concerning its decision to exit manufacturing here continued to mount.
The loss of €24.17 million last year followed losses of €34.55 million in 2020. The Swiss-owned pharma giant announced its decision in 2016 to shut down its Clarecastle plant with the loss of 240 jobs.
After the firm failed to secure a buyer for the pharma site, it set about decommissioning the site and demolishing its chemical manufacturing plant “to a brown field status”.
Despite his attacks on the ‘fake news media’, Trump remains an avid, old-school news junkie
David McWilliams: Europe has lost its mojo. Thankfully Ireland is in bed with the US
Fall of the house of Assad: a dynasty built on the banality of evil
Former Tory minister Steve Baker: ‘Ireland has been treated badly by the UK. It’s f**king shaming’
In line with the plant’s closure plan, the company ceased all manufacturing in 2019 and completed all sales of product by January 2020.
The €16.8 million decommissioning and demolition bill last year follows a €6.5 million cost under that heading in 2020.
Zero revenues
The company recorded zero revenues last year compared to €5.8 million in 2020.
In addition to the decommissioning and demolition costs, the firm last year spent an additional €4.29 million on environmental costs. This follows a spend of €4.82 million under that heading in 2020.
The directors state that in March 2020, the company proceeded with its planned redundancy programme and with 100 per cent of the workforce departed since May of last year.
The directors state that it is continuing with its plan to decommission and demolish its assets and has successfully transitioned from a manufacturer to a construction site commencing the decontamination and demolition works in 2020 that will continue until 2026 — one year later than what was anticipated last year.
Directors’ pay last year increased from €414,000 to €786,000.
At the end of last December, Roche Ireland had shareholder funds of €2.4 million.
The Roche Group, headquartered in Basel, Switzerland, is active in more than 150 countries and employs in excessive of 88,000 people worldwide.
