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Today’s announcement by GE that they are to invest €150 million in a new manufacturing campus in Ringaskiddy has been welcomed by Cork East Fine Gael TD and Minister of State at the Department of Justice & Equality, David Stanton.

“This very significant investment by GE in a new biopharmaceutical manufacturing campus and manufacturing training centre in Ringaskiddy is great news for the Cork area. This project is supported by the Deparmtment of Jobs, Enterprise and Innovation, through IDA Ireland and is to be located at the IDA Ireland site at Loughbeg.

“The new GE Biopark Cork, when operational, is expected to be home to more than 500 new jobs when fully operational, 400 of these with biopharma companies and a further 100 employed directly by GE. In addition to the biopharma jobs at the plant, I understand that it is anticipated that the construction phase of this project, subject to planning approval, could create up to 800 jobs when it begins in mid-2017”, noted Minister Stanton.

“The new advanced manufacturing training centre being established at the same site in collaboration with the National Institute for Bioprocessing Research and Training (NIBRT) will also allow for the training of up to 1,500 bioprocessing professionals per year.

“Today’s announcement shows GE’s continued commitment to its operations in the Cork area. Just last December GE Healthcare created an additional 140 jobs at its Carrigtwohill plant with an investment of $40 million which followed at $10 million investment in 2012”, concluded Minister Stanton.