| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 Asia Economy


How to use our RSS feed

Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.


Finfacts is Ireland's leading business information site and you are in its business news section.

We provide access to live business television and business related videos from: Bloomberg TV; The Wall Street Journal; CNBC and the Financial Times. Click image:


Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax 2008

Climate Change Reports

Global News

Bloomberg News

CNN Money

Cnet Tech News


Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News




Content Management by interactivetools.com.

News : Irish Last Updated: Apr 24, 2009 - 5:31:05 PM

IVAX Pharmaceuticals - unit of Israeli group Teva - to add 165 jobs to existing Irish payroll of 650 at Waterford
By Finfacts Team
Mar 3, 2008 - 12:12:56 PM

Email this article
 Printer friendly page
Eli Hurvitz, Chairman of the Board of Teva Pharmaceutical Industries, Ltd., Israel Makov, President and CEO, Dan S. Suesskind CFO, and Shlomo Yanai, designated President and CEO, preside over the Market Open Wednesday February 21, 2007 at NASDAQ's MarketSite in New York City.

IVAX Pharmaceuticals Ireland, a subsidiary of the Israeli Teva Pharmaceutical Industries Ltd,  (NASDAQ: TEVA) announced today that it has commenced an investment programme totalling €65 million in its facility in Waterford, Ireland, and that it is creating an additional 165 new jobs over five years. Teva has three pharmaceutical plants and a research and development facility on its Waterford campus. The expansion has been grant-aided by Ireland’s inward investment promotion agency, IDA Ireland. 

The investment by the parent company will allow its Waterford-based operation to more than double both its inhaler and tablet manufacturing capacity and will confirm Waterford as the primary strategic location within the Teva Group for the manufacture of products for the relief and prevention of asthma.

 The products made in Waterford are exported world-wide and the new investment will enable the Irish facility to continue as an important  supplier of tablets and capsules for the US market, according to Tom McCabe, General Manager of the Waterford operation, which currently employs 650 people.

 “The investment is necessary to meet increasing demand for both solid dosage forms and respiratory products such as ProAirTM particularly in the US,” said McCabe.  “We are expanding into a neighbouring building we purchased a number of years ago, so the project is akin to building a new factory”

The Waterford facilities, when expanded, will extend to almost 500,000 square feet. Teva Pharmaceutical Industries Ltd. acquired the IVAX Waterford business as part of its acquisition of the IVAX Corporation in January 2006.

In addition to its three manufacturing plants, the Waterford campus also includes a research and development facility with some 70 staff, most of whom work on the development of respiratory products for the treatment of respiratory diseases. 

The Minister for Enterprise Trade and Employment, Micheál Martin TD, said he recognised and welcomed Teva Pharmaceuticals commitment to its Irish subsidiary, local workforce and the pharmaceutical sector in Ireland.

“The decision to make this investment owes a great deal to the strong performance of the site to date,” said Martin. “The expertise and commitment of the management and staff at this facility singled out IVAX as the prime location for this investment.

The site’s research and development team, for example, was responsible for developing new device technologies for metered dose inhalers which have been very well received by the patients in the markets it serves.”

Related Articles
Related Articles

© Copyright 2009 by Finfacts.com

Top of Page

Latest Headlines
Ryanair revises up full-year profit guidance
AIB bank profitable in third quarter
Ryanair announces half-year profits up 32% to €795m
Ryanair benefits from improved customer service
Ryanair to buy 100 new Boeing 737 MAX 200
Finfacts server migration Thursday
State-owned Allied Irish Banks reports H1 2014 profit as bad loan charges plunge
Ryanair reports profit in its financial first quarter soared 152%
UK firm opens van dealership in Dublin
Ryanair reports 8% fall in full-year profit; US services to commence in 2019
Global Financial Centres Index: New York overtakes London; Dublin slips to 66 of 83 cities
Bank of Ireland reports “significant” improvement in 2013 results
Sale process of IBRC UK projects Rock and Salt completed
CRH says 2014 will be year of profit growth after reporting 2013 loss
Ryanair reports third-quarter loss
Irish Water says it saved €100m in setup costs
RSA Insurance fires two Irish executives for large loss/ accounting irregularities
Bank of Ireland will have to raise provisions by €1.4bn; AIB says it's "well capitalised"
CRH reports slightly improved third quarter
Central Bank says ownership of Newbridge Credit Union transferred to permanent tsb
Ryanair reports H1 profits rose by 1% to €602m
Dublin Web Summit: Irish Stock Exchange and NASDAQ OMX announce dual listing plan
Irish pension managed funds returned to growth during September
Dan O’Brien resigns as economics editor of The Irish Times
Central Bank says no action required on Anglo tapes revelations
Ryanair flew 9m passengers and Aer Lingus carried 1.1m in August
UK Competition Commission says Ryanair must cut Aer Lingus stake to 5%
CRH reports H1 2013 revenue dip and loss
Vodafone refunded UK after discovery of Irish tax haven deal
RBS reports half year profit; Ulster Bank posts reduced loss
Bank of Ireland cuts pretax losses in HI 2013 to €504m
Irish State-owned Allied Irish Banks reports losses of €758m in H1 2013
Service Announcement
Irish managed pension funds declined in June
VHI reports 2012 surplus of €54.3m; Health insurance made loss
Ex- Elan director says management / board "not competent to run a business"
Aer Lingus to put €140m in employees pensions fund; Ryanair apoplectic
Wednesday Newspaper Review - Irish Business News and International Stories - - May 22, 2013
Tuesday Newspaper Review - Irish Business News and International Stories - - May 21, 2013
Ryanair, Europe’s biggest low cost carrier, announced Monday record annual profits of €569m - - up 13%