PCI - About us / Industry profile

Ireland’s pharmaceutical industry currently generates over 50 percent of the country's exports which contributes to making Ireland the largest net exporter of medicines in the world.

Sector in the Irish Economy

8 of the top 10 companies have operations in Ireland.
Companies indicated a planned spend of about €350 million during 2009 on various capital projects
Ten of the top selling drugs are manufactured in Irish sites

Exports

The sector exported products to the value of €44.17 billion in 2008, representing 51.2% of the national total
The sector contributes more than €1 billion in corporation tax annually

Employment

Employment in the sector has grown from 5,200 in 1988 to 24,000 in 2009.
Upwards of a further 24,500 jobs are based on the provision of services to the sector.
Over half of the employees are third level graduates.

The Irish PharmaChemical industry remain a strong contributor to Ireland’s economy and continues to grow steadily. The sector has flourished because of deep-seated economic strengths:

An innovative and resourceful young workforce
A proven level of manufacturing and compliance experience
An inherent ability to comply with tough and demanding international regulations
Competitive corporation tax rates
High education standards have underpinned this performance

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PCI is a business sector within IBEC
Irish Business and Employers Confederation
IBEC Limited is registered in Ireland. Registration No. 8706
Registered directors: Donal Byrne, Anthony O'Brien, Breege O'Donoghue
Registered address: Confederation House 84/86 Lower Baggot Street Dublin 2
Phone +353 (0)1 605 1500; Fax +353 (0)1 638 1500; Email info@ibec.ie

PharmaChemical Ireland

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© PharmaChemical Ireland, 2010
PCI is a business sector within IBEC Confederation House, 84/86 Lower Baggot Street, Dublin 2; Tel: (01) 605 1500; Fax: (01) 638 1500