Loughrea’s economic future will be boosted this morning (Thursday ) when Tánaiste and Minister for Foreign Affairs and Trade, Simon Coveney, will officially open a new €10 million manufacturing facility at Chanelle Group in Loughrea.
The new 30,000 sq. ft. facility is Europe’s first dedicated Spot On manufacturing facility built to European and US quality standards. The new Spot On manufacturing facility will enable Chanelle Group to grow its share of the global market in anti-parasitic health products for small animals which is expected to reach a value of $2.28 bn by 2026.
In addition to this, Mr Coveney is expected to announce further major investment by the Chanelle Group in the town.
The rapid growth in market demand for Spot On products is due to increasing spending by pet owners on healthcare for their pets. Increasing disposable income enables them to spend more generously on pet care than ever before.
To this end, Chanelle has agreed Spot On manufacturing contracts in excess of €20 million with animal health companies in the EU, Asia, the Middle East and the United States. Chanelle has designed and built the new Spot On manufacturing facility to meet HPRA and FDA standards.
The company has achieved certification from the HPRA and is now applying for FDA certification, to enable the company to sell direct in the United States.
The company employs over 500 people and currently has 91 open positions.
Roles at the Spot On manufacturing facility include positions in Operations, Research & Development, Engineering, Quality and Warehouse operations.