Posted on Wednesday 14 January 2015 by Ulster Business
Deputy First Minister Martin McGuiness, Randox Managing Director Dr Peter Fitzgerald and First Minister Peter Robinson.
Medical company Randox is to create 540 new jobs as part of a £161m investment over the next four years in Antrim.
The firm, which specialises in diagnostics, is putting the money into a new research and development facility which it plans to develop at the old Massereene army base on the outskirts of Antrim town. The company bought the site in 2013.
The new jobs will be involved in production, administration, research, sales and marketing and will pay £30,000 on average and will boost the firm’s Northern Ireland employment number to 1,300.
“Today’s announcement will underpin the company’s aim of increasing revenues by 60% to almost £150million by 2018 through more efficient manufacturing and by speeding up the development of new products,” First Minister Peter Robinson said.
Managing Director of Randox Dr Peter FitzGerald said the development will help the company’s future growth plans.
“Randox’s share of the global market is steadily rising, with around 5% of the world’s population diagnosed using Randox products,” he said. “To continue our expansion we must invest in our manufacturing, engineering and research and development facilities.
“Our new facility, which will be called the Randox Science Park, will be a futuristic manufacturing plant, with increased capacity and efficiencies, as well as housing pioneering R&D labs. We are also seeking to recruit high calibre staff across a range of disciplines to help us develop, produce and sell Randox’s revolutionary diagnostic solutions, ensuring that individuals worldwide, have access to timely and correct diagnosis. ”