Work on an €85 million extension at Baush + Lomb's facility in Waterford has been completed.

The extended facility will help meet the consumer demand of its contact lens portfolio, specifically Biotrue ONEday daily disposable contact lenses.

Valeant Pharmaceuticals International, the parent company of Bausch + Lomb, has invested more than €200m in the Waterford facility's operations, infrastructure and manufacturing line growth. The investment, supported by the Department of Business, Enterprise and Innovation through IDA Ireland, has created 125 additional jobs, bringing the total to 300 since the Waterford facility expansion first began in 2015.

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As a result of the expansion, approximately 112,000 sq ft of new building has been added to a 17-acre site adjacent to its current facility.

Taoiseach Leo Varadkar said: "This major investment by Bausch + Lomb, adding an extra 125 jobs, is a big vote of confidence in this Government's ambitions for Waterford and for the future. Bausch + Lomb and its parent company Valeant are to be commended for their commitment to the southeast region. This government is determined to show over the next few months and years that we can not only continue to stimulate growth, but that we are able to spread the benefit across the entire country."

(CD/LM)