Bio-tech firm creates 242 new jobs
Almost 250 new jobs are being created at a major bio-technology company in Co Antrim.
Randox Laboratories in Crumlin is recruiting 242 new staff as part of a £15.8m expansion.
The investment is being supported by Invest Northern Ireland, which has offered £2.4m of assistance.
Randox specialises in the development of sophisticated chemical and biochemical diagnostic tests and devices, primarily targeted at hospital, clinical and veterinary laboratories.
The company currently employs over 850 people worldwide, including 620 in Crumlin.
The investment will see facilities upgraded and the strengthening of the sales, marketing and production capability.
The new jobs will be created across those functions and will collectively deliver £5.6m annually in salaries.
Enterprise minister Arlene Foster welcomed the announcement.
"Randox is one of Northern Ireland's most successful and respected companies," she said.
"It has grown steadily since it was set up in 1982 and, through a firm focus on research and development, has established itself as a world player with an international reputation for excellence.
"This significant investment will enable the company to increase sales of its innovative products in the growing medical diagnostics market, which is a multi-billion pound industry and one in which Randox continues to excel.
"Through the new jobs created, this investment will also benefit the wider local economy, in terms of salaries and employment opportunities."
Managing director of Randox Laboratories Peter Fitzgerald said: "We have set ambitious revenue targets for the next few years which will depend on increasing our sales and marketing activity and penetrating new markets.
"We have identified sales opportunities in the rapidly expanding economies of Brazil, Russia, India and China and will be targeting these with our extensive portfolio of products.
"We also have many new revolutionary products planned for release in 2011 that will make patient testing faster, simpler and more accurate.
"Invest NI's ongoing assistance has been a key element in our growth and the support for this project will help us to continue to honour our commitment to improving healthcare worldwide."