Almac secures single market access via Dundalk
Craigavon-based pharmaceuticals group Almac is to make a “multi-million-pound” investment in an IDA facility in Dundalk which will employ 100 people. The company did not explicitly say the move was intended to secure its place within the EU single market, but the IDA said it for them: “Almac’s decision to expand into Dundalk provides the company with certainty of access to the European Union in the long term,” said IDA CEO Martin Shanahan.
In case anyone didn’t quite get that point, Minister for Jobs, Enterprise and Innovation Mary Mitchell O’Connor pitched in: “This is a very exciting project for Dundalk and builds on the strong cluster of multinational companies who have very successfully located in that town in recent years and who have found it a great base from which to promote their sales into other EU Member States. ” The company then posted both statements on its website.
The BBC noted: “Leaving the single market is likely to present particular challenges for the pharmaceutical industry, including regulatory impacts and market access.So it makes sense for a firm like Almac to beef up its presence inside the single market.”