IQ Pharmatek company limited is the new owner of the old Suir Pharma site. The new MD-CEO is Dr. Azzam Hussein has more than 20+ Pharma industry experience and 10 years of that within the Irish Pharma industries. The company is planning to reopen in a couple of weeks’ time and it intends to create employment for about 200 people. Phase 1 of the operation will see 100 jobs created and another 100 next year.
The company will continue the business of contract manufacturing for third parties and there is a plan in place to introduce the company’s own range of products.
The current target customers and markets will be: Europe, USA, Canada, MENA and the far east.
The is a big future to expand the facility to include an injectables manufacturing line. This will be a stand alone facility on a greenfield site within the plant.
Speaking about the announcement Dr. Hussein stated “I was thrilled and delighted with the reception I received locally and I look forward to building a strong relation in the coming future.
Key success for our business is team work with each one taking on the responsibility to shoulder the success of the company and bring to reach the heights of former glory.
I take this opportunity to thank the Mayor of Clonmel Borough , Cllr Andy Moloney and also Anne-Marie Tierney south east region of IDA and also those who I have met since acquiring the premises.”