Drug giant says €150m plant is on target

A PHARMACEUTICALS multinational, which is developing a new €150 million plant in Waterford city, said yesterday its project is well on track and it could not have picked a more suitable location for the development.

The Genzyme Corporation said yesterday that its pharmaceutical-biotechnology facility in Waterford is close to completion and on target to be in commercial manufacture before the end of the year.

The new plant is part of a multi-phased manufacturing development, which has the potential to create hundreds of jobs in Waterford over the next five years.