Eli Lilly has revealed an additional $1.8 billion investment to expand its production capacity at two plants in Ireland. The company ups manufacturing investment in Limerick by $1 billion and unveils a new $800 million Kinsale facility. This new investment will enhance production capabilities and boost output of its popular obesity drug and other pharmaceutical products.
Groundbreaking for the Limerick site took place in March 2023, with production expected to commence in 2026. The September 13, 2024 announcement of the additional investment signifies Eli Lilly's commitment to expanding its presence in Ireland and meeting the growing demand for its products.
Investment in manufacturing sites is crucial for pharmaceutical companies like Eli Lilly to ensure a stable supply chain and meet the needs of patients worldwide. The company's investments in Ireland demonstrate its confidence in the country's skilled workforce and favorable business environment.
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