One of the world’s largest manufacturers of contact lenses is expanding its existing operations in Waterford and creating 130 jobs in the southeast.
Bausch + Lomb, the company of the well-known sunglasses brand RayBan, will strengthen its already 1,500 employees in Waterford with a new 90 million euro plant on Cork Road, which will focus on the contact lens market.
And for the construction phase of the project, which begins next year, around 150 skilled workers will be required on site over several years.
The investment will further strengthen the position of the Waterford plant in supporting Bausch + Lomb’s efforts to increase market share in the contact lens market.
This follows a similar announcement in November 2018 in which the company announced it would increase contact lens manufacturing capacity at its Waterford and Rochester, NY sites by installing multiple production lines at those two sites.
Construction of the Waterford facility, announced in 2018, is now complete and production of the company’s newest contact lenses, Bausch + Lomb INFUSE®, will begin later this year. The Waterford site currently employs more than 1,500 people.
Tánaiste and Minister for Enterprise, Trade and Employment Leo Varadkar, TD, said: “I welcome the news that Bausch + Lomb is investing an additional 90 million euros in Waterford and creating 130 new jobs for the county.”
“The company has already invested heavily in the Southeast region and has over 1,500 employees.”
“This decision confirms that commitment and is a huge vote of confidence in Waterford and all that it has to offer. I wish everyone involved all the best with this new development and thank Bausch + Lomb for their continued commitment in Ireland. “
Bausch + Lomb has been based in Waterford for almost four decades and is one of the major employers in the South East.