Investment in new facilities
Biotech firm expands production to target exports
The multi-million-pound venture by E&O Laboratories has been jointly funded with £1million provided by the Bank of Scotland and a regional selective assistance grant from Scottish Enterprise.
Due for completion in October the new site will allow the Falkirk headquartered business to diversify its specialist product range, triple its manufacturing capacity and increase its team of 80 specialist technicians and microbiologists by 20% over the next year.
The improvements and expansion of its workforce will give E&O the tools and expertise to target lucrative export opportunities in the European and Asian marketplaces.
E&O Laboratories is the UK’s largest privately-owned manufacturer of microbiological culture media. It has been providing its products to the clinical, pharmaceutical, food, water and environmental sectors since 1989.
The new production facility will be double the size of its predecessor and hold a suite of the latest specialist equipment, including two new state of the art clean rooms, which provides the sterile environment required for the manufacturing of culture media.
Virginia Lucey (pictured top), managing director, said: “This project is going to take our business to the next level. After an extensive research and development programme we devised a strategy to grow our presence on the world stage.
“The upgrades made to our Cumbernauld facility and the additional expertise we are adding to the team over the next year are going to make that plan a reality.”
Alastair Swan, relationship director at Bank of Scotland, added: ‘”t’s an exciting time for any business when they decide to explore new and exciting markets.
“We’ve tailored funding to suit E&O’s individual growth strategy, allowing Virginia and the team the opportunity to invest in the essential equipment required to realise their export ambitions.”