Research, development and manufacturing company Almac (Northern Ireland) has secured permission for "major expansion plans" that could lead to the creation of over 500 jobs during the next five years. The company has acquired a 5.4 acre site adjacent to its Craigavon headquarters and will shortly embark on the first phase of development there. Last year, its UK staff numbers rose by 15% to 1,426 and US staff by 10% to 762.
Group Chairman Sir Allen McClay said: "This is an exciting time for Almac. Since our foundation in 2001 we have grown at record levels, and we expect this trend to continue over the coming years. With our rapid rate of growth it was important to put proper plans in place and provide the necessary room for Almac to expand."
The company is also presently engaged in construction of its new $112 million North American Headquarters.