Dundalk could be welcoming another major investor to the area as Irish Bio Medical company Cellulac are reported to be planning a €50m plant close to the town.
Last weekend a number of media outlets reported that discussions between Cellulac and Enterprise Ireland were underway to establish an industrial bio mediwcal plant in the north east. The plant is expected to create 60 direct jobs.
Cellulac is an Irish company based in Galway and was set up by Gerry Brandon. It has strong ‘green’ credentials and is at the forefront of sustainable bio medical development.
It makes bio chemicals for the medical industry, one of its most innovative products is lactic acid which by derived from straw.
Cellulac got funding of €2.8million to make the product commercially viable last year and it is thought that this is product that the Dundalk plant would manufacture.
The company’s founder, Mr Brandon, however told reporters that it was early to confirm and that there were other options on the table.
While Cellulac did not confirm the investment, media coverage of the potential investment was posted on the company’s website and social media sites.