Taoiseach Leo Varadkar TD and Tánaiste Frances Fitzgerald TD, Minister for Business, Enterprise and Innovation, officially opened a €85 million extension at the company’s Waterford, Ireland facility.
That's to help meet the consumer demand of its contact lens portfolio.
Valeant Pharmaceuticals International, the parent company of Bausch + Lomb, has invested more than €200 million in the Waterford facility’s operations, infrastructure and manufacturing line growth.
Today’s investment, supported by the Department of Business, Enterprise and Innovation through IDA Ireland, has created 125 additional jobs, bringing the total to 300 since the Waterford facility expansion first began in 2015.
The company currently employs 1,300 people at its Waterford facility.
Taoiseach Leo Varadkar congratulated Bausch + Lomb, saying: "This major investment by Bausch + Lomb, adding an extra 125 jobs, is a big vote of confidence in this Government's ambitions for Waterford and for the future.
Bausch + Lomb and its parent company Valeant are to be commended for their commitment to the southeast region.
Tánaiste and Minister for Business, Enterprise and Innovation Frances Fitzgerald TD said: “I warmly welcome the additional investment and job creation by Bausch + Lomb, which moves the company's operations in Waterford into an exciting new phase.
This company has been a huge employer in the city for several decades and their latest investment highlights their ongoing commitment.
Being in a regional location gives this project added significance and dovetails with the Government's work in strengthening the industrial base and job creation in regional centres, in order to achieve balanced economic growth.
Having a project of this magnitude, in a high tech and high skilled sector, is a terrific boost for the southeast.”
