Taoiseach Mr. Brian Cowen TD today (Tuesday, 26th January) announced that Japanese pharmaceutical equipment company, Freund Corporation, is to establish a European base in Tullamore, Co. Offaly, creating 25 high value positions over five years. The investment is supported by the Irish Government through IDA Ireland.
Freund Corporation, headquartered in Tokyo, is the leading pharmaceutical equipment supplier in Japan, employing 304 people in Japan and the US. Today’s announcement will see the company create 25 high-skilled positions in drug delivery development and clinical trial manufacturing, as well as marketing/sales of pharmaceutical equipment and excipients
Speaking at the announcement, the Taoiseach said: “This investment is great news for Ireland and the midlands region in particular. It is Freund Corporation’s first investment in Europe and further reinforces Ireland’s profile as a leading location for pharmaceutical companies. Freund Corporation is a very successful Japanese company and we hope that Ireland will assist the company in developing and growing its business now and in the future. I am delighted to welcome Freund Corporation to Ireland and can assure the company that it has the full support of the Irish Government as it embeds its operation in Ireland”.
Freund Corporation designs, manufactures and markets processsing equipment for the manufacture of solid dosage products. The company is represented in the Japanese and US markets and has been selling directly into Europe for the past 30 years, however it previously had no direct presence in Europe. The Irish operation will act as a European hub for the company and will play a pivotal role in facilitating the growth of the company’s European business.
Freund Corporation has been in operation for the last 45 years as a manufacturer of pharmaceutical equipment, excipients and food preservatives. Freund Corporation has over 5000 worldwide equipment installations and 400 patents reflecting creative technology and unique products.
Speaking on behalf of the company, Mr.Yasutoyo Fusejima, Founder, Chairman & CEO of Freund Corporation said: “Ireland was a natural choice for this important operation, given the highly qualified workforce and pro-business environment here”. “We look forward to counting our Irish operation as a pivotal hub of our European presence” he added.
Speaking of the announcement, Midlands Regional Manager for IDA Ireland, Gillian Maunsell said: “I am delighted to welcome Freund Corporation to Tullamore and look forward to working closely with the company in the years ahead to grow its presence here in Ireland and in the Midlands. Freund will be an integral part of the already existing life sciences cluster, which is a very important sector for Ireland, so today’s announcement is good news not only for the Midlands but for the country as a whole”.
About Freund Corporation
Freund Corp, headquartered in Tokyo is a public company listed on the TokyoJASDAQ market. Its primary business is the manufacture of proprietary equipment and excipients for the pharmaceutical industry.
For more information please visit: http://www.freund.co.jp/english/top_en.html
