Good news for Ireland as Pfizer invests $15.3m
New R&D facility will boost employment in Cork
Published Friday, July 10, 2009, 4:12 PM
Updated Thursday, July 23, 2009, 5:29 PM
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Pfizer plant in Ireland
Pfizer is upping its stake in Ireland with a $15.3m investment in a new R&D facility at its plant in Ringaskiddy in County Cork.
The move is a huge boost for Cork where about 550 people are still employed by the pharma giant after Pfizer sold off or shuttered three other production centers.
Ringaskiddy is a major center for active pharmaceutical ingredient (API) manufacturing for Pfizer, which set up a $300m plant there in 2001 to make the actives for Viagra (sildenafil), Lipitor (atorvastatin), Norvasc (amlodipine) and several other products.
