As reported by the Morpeth Herald, the leading pharmaceutical contract development and manufacturing organisation, Piramal Healthcare, has received a £17m investment package from the Regional Growth Fund. This will create 46 pharmaceutical jobs.
Piramal specialise in the manufacture of active pharmaceutical ingredients and current export more than 100 of these products worldwide. The company will be using the investment to help increase its competitive edge when trading internationally. This was explained by Site Lead, Jarrett Palmer, “This is most welcome news. The funding will go a long way towards supporting our ambitious growth plans over the next five years. The grant will enable us to invest in new capabilities which will enable us to enter new markets worldwide.”
This great news for manufacturing in the North East and enables innovative companies such as these to thrive in the global economy.
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