SK Biotek Ireland expands Dublin plant with $35 million investment

SK Biotek Eire expands Dublin plant with $35 million funding

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The South Korean-owned firm plans to increase its Swords website, which it acquired in 2018, and make use of a lot of scientists and engineers.

Pharmaceutical producer SK Biotek Eire invests $35 million to increase its plant in Dublin.

SK Biotech, a subsidiary of South Korean pharmaceutical big SK Pharmteco, stated it plans to “considerably improve” the manufacturing capability of its plant in Sword.

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The funding would be the first part of an enlargement that may see development of a brand new manufacturing constructing slated for completion by 2024.

That is the Swords website’s sixtieth anniversary as a producer of small molecule lively pharmaceutical substances (APIs). It has been used to develop pharmaceutical therapeutic merchandise for sufferers all over the world, together with in oncology and cardiology remedies.

The funding, together with the brand new constructing, will increase the positioning’s reactor capability and might be used for filtration and drying tools and associated utilities.

The complete enlargement is finished in two phases. Upon completion, the full capability of the SK Biotek plant might be elevated by 50pc.

“This enlargement helps SK Biotek Island’s place as a key contributor to SK Pharmteco’s EU and international enterprise,” stated Joyce Fitzharris, president of SK Biotech Island, who was appointed president of SK Biotech Island final yr. .

In January 2018, SK Biotech acquired the Swords website, which was the Bristol-Myers Squibb API facility.

“[The expansion] Martin O’Halloran, Engineering Director at SK Biotek Eire, stated, “We’ll present extra manufacturing capabilities and capabilities to offer prescribed drugs that meet the wants of our clients and profit many sufferers sooner or later.

That is the second main enlargement undertaking led by O’Halloran in recent times. The primary was in 2020, when the Swords campus accomplished vital reactor capability enlargement to satisfy the rising demand for its merchandise.

John Keogh, director of HR at SK Biotek Eire, stated the corporate will improve hiring to assist additional enlargement. He added that he’s actively hiring scientists, engineers, undertaking managers, high quality consultants and different roles.

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