Pharmaceutical packaging company Wasdell has announced plans to construct a new facility in Dundalk, Ireland.
The new purpose-built facility will be a 70,000ft² self-contained site at the IDA Dundalk Science and Technology Park in Mullagharlin.
From this facility, Wasdell will serve its customers in the pharmaceutical and healthcare sectors.
It will offer QC import testing, multiple current and novel packaging technologies, as well as inventory and distribution capabilities.
The company will invest more than €30m to build phase one of the new facility that will occupy a 2.88ha area.
It is also expected to create 300 new jobs over the next five years.
In addition to providing customer manufacturing solutions, the new site will incorporate serialisation technology to prevent product contamination.
Wasdell Group managing director Martin Tedham said: “We are delighted to have found such an ideal location for our new facility and a special thanks must be given to the Irish Government, the IDA, as well as Louth County Council for their support in making our new site a reality.
“This is an exciting time for our business and will allow us to not only increase our capacity but also extend our operational footprint and the services we are able to offer our client base.”
The facility is expected to become operational in the last quarter of next year.
It will be Wasdell’s first facility outside the UK and allow the company to carry out release testing and necessary packing of the drug products, as well distribute them to Europe and other global locations.