Contact lens manufacturer Bausch & Lomb has announced plans to invest €90 million in its Waterford plant.
The investment is expected to generate 130 additional jobs when production commences in 2023 and will provide the Waterford facility with additional capacity to meet expected demand for its Biotrue ONEday range of contact lenses.
Bausch & Lomb is one of the largest employers in the south-east, employing more than 1,500 people.
“ The investment will further strengthen the Waterford plant’s position in supporting Bausch & Lomb’s efforts to increase market share in the contact lens market,” the company said.
Tánaiste and Minister for Enterprise, Trade and Employment Leo Varadkar, TD said welcomed the announcement, saying the decision reaffirms the company’s commitment to the Waterford area,
Mark Hennessy, site lead, Bausch & Lomb, Waterford, said: “Our Vision is to be the global leader in contact lens innovation and manufacturing, and this latest investment will enable the Waterford facility to meet the growing demand for our very successful Biotrue ONEday range of daily disposable contact lenses.”
“ The Biotrue lens was developed by the team in Waterford and supported by our commercial colleagues around the world, and it continues to grow in our US, European and Asian markets,” he said.