05 July 2011

Fitzgerald Visits Pfizer Plant in Grangecastle & Pledges Government Support on Corporation Tax

Local Minister, Frances Fitzgerald, speaking at a site visit to the Pfizer Plant in Grangecastle has reiterated the Governments support to maintaining the current corporation tax rate. Grangecastle is Pfizer's largest facility in Ireland and employs 1,200 people in the campus based just outside Clondalkin.

“I was invited out to visit the Pfizer facility in Grangecastle and meet staff and management at the plant. The Biotech Development, here in Clondalkin, is Pfizer’s largest investment in Ireland and one of the biggest biotech campuses in the world. We had some very useful discussions on the industry and how Government can best support multinationals like Pfizer who are such a big local employer,” explained Minister Fitzgerald.

“I was delighted to tour the campus and a get a real sense of the cutting edge production that happens here on our doorstep. It was fantastic to meet so many people from the area working in the campus and to have such a productive, positive meeting with Pfizer management.

“As Minister for Children I was particularly interested in hearing about the production of Prevnar 13, a vaccination distributed to babies throughout Ireland which has contributed towards an 85% reduction in reported cases of pneumococcal viruses, such as meningitis, amongst under two year olds in Ireland. This is the type of advances in medicine which need to be encouraged and developed. I am delighted to see these advancements being progressed right on our doorstep here in Clondalkin,” continued Fitzgerald.

“Minister Noonan has given a firm commitment to support businesses like Pfizer, by retaining our low corporation tax which attracted so many multinationals to our shores. Our corporate tax rate of 12.5% has been instrumental in job creation and continued employment throughout the country and it is Government policy to maintain this rate going forward,” concluded Minister Fitzgerald.

The Grangecastle Pfizer campus is the only company that manufactures pharmaceuticals, bio-pharmaceuticals and vaccines in the same facility.