Confirmation of €5m investment by Chanelle Pharma which will create 60 jobs in Creagh, Ballinasloe, is “a major boost to the Town of Ballinasloe and the wider region” says Denis Naughten TD.
“This investment by Chanelle not only helps to replace jobs lost last year as result of the closure of Aptar but is a major vote of confidence in Ballinasloe, which I believe will lead to other announcements that are currently under consideration,” commented Denis Naughten.
“Michael Burke, Managing Director of Chanelle, has always had a strong affinity with Ballinasloe and this decision will be transformative for industrial investment in the town.
“Over the last number of years, I have been engaged with BACD in Ballinasloe, the development agencies and potential investors to attract pharma industry to the town and this announcement is a major boost to this endeavour.
“This investment, along with the growth of Surmodics on the IDA campus in Creagh, highlights the huge potential that Ballinasloe and this site has to offer. It is now imperative that the IDA secures additional lands from the HSE at St Brigid’s campus for further growth in the local industrial base.
“With the expansion of the new Technological University in Athlone and the limited industrial lands available in that town, the fact that Ballinasloe has 50 acres of serviced industrial land makes it a key location for industrial expansion.
“I want to thank the Tánaiste Leo Varadkar for his commitment to securing investment in Ballinasloe, the development agencies and the dedicated team in Chanelle for securing this key expansion,” concluded Denis Naughten.