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19 June, 2013 - Ministers Announce 416 New Jobs and R&D Investments in Larne

First Minister Rt Hon Peter D Robinson MLA and Deputy First Minister Martin McGuinness MLA announced today that Terumo BCT, a global medical device manufacturer, plans to create 416 new jobs in Larne.

Terumo BCT in Larne is headquartered in Lakewood, Colorado. Terumo BCT is a member of the Terumo Group family of companies owned by the Japanese-based Terumo Corporation. The new jobs are being supported with over £2 million of support from Invest NI through its Jobs Fund.  

Terumo BCT is also investing over £2 million in two R&D projects, the first research activities that will be undertaken at the Larne facility. Invest NI has offered almost £500,000 of R&D support, which includes part funding from the European Regional Development Fund (ERDF).

First Minister Peter Robinson said: "Terumo BCT is recognised as one of the most innovative companies in the world. The Larne facility is one of the most advanced of its type in Europe, with blood products manufactured here, exported to medical and healthcare customers around the world. The new jobs will deliver a much needed economic boost to local area, delivering over £6 million annually in salaries.

"What impresses me most is the fact that the commitment of local people to high quality standards at Terumo is impacting on the health and wellbeing of people around the world, a fact of which we should all be extremely proud."

Deputy First Minister said: "The Larne facility has typically focused on manufacturing and is recognised internationally for its excellence and commitment to the most stringent industry standards. Today's announcement will not only bring employment locally to over 600 but will result in the facility expanding its remit into research and development for the first time."

"As global leaders return home after G8, there can be no more fitting endorsement of the local investment proposition than an announcement such as this by a global leader in the healthcare sector."

Troy Deppey of Terumo BCT Inc.: said: "The capability of the Larne facility is renowned throughout the company and our global markets so I am delighted that, with Invest NI's support, we can grow this facility and really cement our presence here. Global demand for our products is increasing and the R&D activities in particular will enable us to tap into the skills and research base in order to develop new products and processes that will increase competitiveness and maintain our reputation for quality excellence."   

Enterprise Minister Arlene Foster: "The Executive is committed to stimulating growth and creating jobs in order to build a positive future for NI. Today's announcement will help us to achieve that objective. Terumo BCT is a pioneer in the development of blood processing technologies so the new jobs and R&D commitment will reinforce the strength and capability of our life sciences and healthcare sector globally."