Lilly expands manufacturing footprint in Ireland with $1.8 billion investment
INDIANAPOLIS, Sept. 12, 2024 /PRNewswire/ -- Eli Lilly and Company (NYSE: LLY) today announced a $1 billion expansion of its Limerick, Ireland, manufacturing site to increase production of biologic active ingredients, including those for its recently approved treatment for early symptomatic Alzheimer's disease. The company also unveiled its new $800 million facility expansion in Kinsale, Ireland, which began making medicines last year to meet demand for Lilly's latest diabetes and obesity treatments.
- This additional investment is part of the most ambitious manufacturing expansion agenda in the company's history.
- Since 2020, Lilly has committed more than $20 billion to build, expand and acquire manufacturing facilities in the U.S. and Europe.
- Today's announcement brings Lilly's total Limerick investment to $2 billion, doubling the investment the company announced in March 2023.
- The site employs a digital-first process that integrates continuous manufacturing technology to create a new manufacturing platform for creating complex peptides.