$40m investment at GE Healthcare

Business, Employment, Finance | Tue 1 Dec | Author – Business & Finance
GE Healthcare
Pictured at the announcement were Richard Bruton TD, Minister for Jobs, Enterprise and Innovation; Paschal McCarthy, managing director, Global Supply Chain, GE Healthcare; and Barry Heavey, head of Life Sciences, Engineering and Industrial Technology, IDA Ireland

GE Healthcare, a provider of transformational medical technologies, today announced a $40m investment in its manufacturing facility in Carrigtwohill, Cork.

GE Healthcare’s Cork facility fills, packs, and distributes contrast media used in medical scans to aid the diagnosis of disease to more than 80 markets internationally.

The company already employs almost 500 people at the Carrigtwohill facility, with numbers expected to increase by 140 with news of the investment.

Paschal McCarthy, managing director, Global Supply Chain, GE Healthcare, said: “Today’s announcement represents a key development in the journey of our facility here in Carrigtwohill. We are proud to be part of GE Healthcare’s Life Sciences division as it grows and positions itself to meet the international demand for precision medicine, biologics and other advanced medicines such as cell and immunotherapies. Most importantly, this investment in our facility represents a significant vote of confidence in our people and their commitment to delivering the very best possible products available in the market.”

Martin Shanahan, CEO, IDA Ireland, added: “The life sciences sector continues to thrive in Ireland. This increase in the production of this diagnostic tool is a real endorsement of the Carrigtwohill facility by GE Healthcare. IDA Ireland will continue to target further investment in this sector in the coming months.”