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Phibro Animal Health Corporation is to establish a biotech facility producing a range of animal health vaccines on the IDA Ireland Finisklin Business Park in Sligo, creating up to 150 jobs over five years.
The project is supported by the Irish Government through IDA Ireland.
Phibro develops, manufactures and markets a broad range of animal health and nutrition products for poultry, swine, cattle, dairy and aquaculture customers around the globe. The company had $764m in annual sales in over 65 countries during its most recent fiscal year and employs over 1,400 people globally.
Phibro is a publicly traded company headquartered in Teaneck, New Jersey, United States.
The Sligo plant will be the company’s first biologicals manufacturing location in Europe and will allow Phibro to expand its presence in Europe.
New facility
The new manufacturing facility will initially focus on producing Phibro’s innovative line of vaccines for the treatment of a range of poultry diseases for sales globally. In the future, Phibro expects to expand production to include vaccines for livestock and aquaculture.
Speaking at the announcement in Sligo on Thursday, Minister for Agriculture, Food and the Marine, Michael Creed said: “This significant investment by Phibro is a great vote of confidence in Sligo and will offer even more opportunities for local residents and communities to grow and thrive.
"It further strengthens Ireland’s Life Sciences capability in the northwest and builds on a series of new IDA projects announced for Sligo and elsewhere in the region over recent times. The Government is tirelessly working to achieve job creation in locations which are away from the main cities, and this new biotech facility in Sligo is testament that the policy is working," he said.
Jack Bendheim, chair, president and chief executive officer of Phibro, commented that the creation of Phibro Ireland marks an important milestone in the company's development.
"The winning combination of Phibro’s expertise in the development and manufacture of biological products, the driven and experienced workforce available in the Sligo area, and the strong support of the IDA makes us very excited about the potential of the Sligo facility.”
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