The Mayor of Limerick City and County is welcoming the announcement by Lilly that they will invest US$1 Billion at their new manufacturing facility at Raheen Business Park. The US Biopharmaceutical firm had originally announced investment of €400 million (US$431.5 million).
1200 jobs are expected to be created during the construction phase, a significant increase on the previously announced 500 construction positions.
The project will create 300 full time positions for highly skilled workers once the facility is operational.
Mayor of Limerick City and County Cllr Francis Foley said: “Lilly’s doubling of their investment to US$1 Billion is a real vote of confidence in Limerick and the Midwest. The region has built a solid reputation as an attractive location for leading biopharma companies. Limerick certainly has the edge with a highly skilled workforce and close links between our universities and industry. I’m delighted to see the sod being turned today on Lilly’s new facility which will allow them to expand their capacity to produce crucial healthcare products.”
Limerick City and County Council approved planning for the facility on a greenfield site in Raheen Business Park late last year.
The Limerick investment is backed by IDA Ireland.