Some 100 jobs are set to be replaced on the Waterford Road in Clonmel, Co Tipperary, following the reopening of the former Suir Pharma plant, which closed down in mid May 2016, with the loss of some 130 jobs.
The premises is set to reopen under the name IQ Pharmatek, latter which is made up of companies invested in Ireland, the UK and the United Arab Emirates, and will initially focus on manufacturing products for other International pharma companies.
A spokesperson for IQ Pharmatek, Mr Azzam Hussein, stated that the new firm is expected to be up and producing their products within a matter of weeks.
Initially some one hundred people will be employed within the next month with a further 100 people expected to be employed in 2018.
While a number of key staff are understood to be already in place, some former Suir Pharma staff are hopeful of being returned to full employed at the facility.