GE Healthcare is to create 140 jobs in Co Cork as part of a new $40 million (€37.7m) investment at its facility in Carrigtwohill.
The group, which currently employs close to 500 people, has announced plans to double the Carrigtwohill’s facility production capacity of medical imaging contrast media fromr 22.5 million to 43 million units per year.
Established in 1992, GE Healthcare’s Cork facility fills, packs, and distributes contrast media used in medical scans to aid the diagnosis of disease to more than 80 markets internationally.
GE said the new investment, which is supported by IDA Ireland, would position it for growth in developing precision medicine and biopharmaceuticals.
"Today's announcement represents a key development in the journey of our facility here in Carrigtwohill. We are proud to be part of GE Healthcare's life sciences division as it grows and positions itself to meet the international demand for precision medicine, biologics and other advanced medicines such as cell and immunotherapies. Most importantly, this investment in our facility represents a significant vote of confidence in our people and their commitment to delivering the very best possible products available in the market," said Paschal McCarthy, managing director, global supply chain at GE Healthcare.
The investment announcement builds on the development of a $10 million production suite at the Carrigtwohill facility in 2012 which saw the site’s manufacturing capacity increase by over fifty per cent at that time.