Bausch + Lomb creating 50 jobs with €41m investment in Waterford facility
Bausch+ Lomb said today that it is planning to invest €41m (US$55m) in manufacturing capacity at its Waterford facility.
The investment will provide the Waterford facility with next generation contact lens manufacturing technology, high-speed packaging equipment, and an efficient energy generation system. Employee training for new automation is also part of the investment.
Supported by the Department of Jobs, Enterprise & Innovation through IDA Ireland, the project is expected to generate 50 jobs within the next 18 months.
“Bausch + Lomb’s Waterford site will continue to play a very important role in our strategy to rebuild Bausch + Lomb as one of the leading contact lens producers,” said J Michael Pearson, chairman and CEO of Valeant Pharmaceuticals International, which bought Baush * Lomb in 2013. “The Waterford facility is a first class manufacturing site for contact lens manufacturing and distribution, and with the new contact lens manufacturing lines, the added capacity will support both current and future demand.”
“We are particularly pleased to be in a position to announce this investment as it cements our commitment to the Waterford plant after employees agreed on a cost reduction plan to make the plant viable for the future,” said Angelo Conti, vice president, manufacturing, Bausch + Lomb.
