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Jobs Minister Richard Bruton today announced that Eli Lilly and Company, a global leader in biopharmaceuticals, is to invest €330 million in a brand-new facility at its Kinsale campus in Cork. The investment will expand the Kinsale site's existing biopharmaceutical mission with the establishment of an additional world-class commercialisation and manufacturing facility.

The new facility, when fully operational, will require up to 200 highly skilled employees. In addition, a further 300 construction jobs will be created on the site during building works. IDA Ireland worked closely with Lilly to attract this investment to Ireland.

Speaking at the announcement, Minister Bruton said:

The Action Plan for Jobs, which the government published recently, outlined a range of measures which we will take in 2012 to target the high-end manufacturing and health/life sciences sectors for further growth and also to deepen and develop the impact of multinational companies in Ireland. Today’s announcement—that this world-leading company is making a substantial investment in expanding its facility in Kinsale with the creation of up to 200 permanent jobs—shows what is possible in these areas.

The Government is determined to ensure that more announcements like this become real in the coming years", Bruton added. "By implementing the Action Plan for Jobs, we can support more businesses, rebuild the economy and create the jobs we so badly need.

Read the full press release here.