Latest news with #AlanArmstrong
Irish Post
6 days ago
- Business
- Irish Post
Co. Armagh pharmaceutical company Almac Group announces annual sales of more than £1bn
A PHARMACEUTICAL firm based in Co. Armagh has announced that annual sales have exceeded £1bn for the first time. Almac Group, which has its global headquarters in Craigavon, reported revenues of £1.027bn for the year to September 2024, marking a 7 per cent (£69.5m) increase on the previous year. Pre-tax profits also rose by 27 per cent to £119m, up from £93.8m the previous year "Today's results mark another successful year of growth for Almac," said chairman and chief executive Alan Armstrong. Almac Group was founded in 2002 by Co. Tyrone native Allen McClay. He had previously founded the Galen pharmaceutical company in Craigavon in 1968 — which subsequently became Northern Ireland's first £1bn company — before leaving the firm in 2001. After McClay established Almac with the purchase of several Galen businesses, the group acquired pharmaceutical manufacturing operations from Galen in 2003 before purchasing the firm in 2004. Today, Almac is at the forefront of developing, manufacturing, testing and distributing essential medicines to patients around the world. 'Innovate and expand' During this financial year, the group was involved in the development of hundreds of life-saving drugs spanning more than 20 therapeutic areas including oncology, cardiology, immunology, gene therapy and neurology. The company's latest figures cover the third year of the group's £400m global expansion plans, which were announced in November 2021. As part of the plans, the group opened a new state-of-the-art, £65m commercial manufacturing facility at Craigavon in March of this year. The 100,000sq ft facility enhances existing capabilities in commercial manufacture of oral dose treatments for a variety of therapeutic areas. As well as its global headquarters in Craigavon, Almac Group — which employs more than 7,700 people at 18 facilities across the globe — also has its European headquarters in Dundalk. The company's US and Asia Pacific headquarters are in Pennsylvania and Singapore respectively, while it has dozens of sites across Europe, Asia, North and South America as well as Africa and Australia. "As a privately-owned and independent company, we re-invest all our profits back into the business, enabling us to innovate and expand to meet the growing needs of our global clients, working in partnership to advance human health," added Mr Armstrong. "I am proud of the continued progress we are making, which is thanks to the dedication of our valued global workforce." See More: Almac Group, Armagh, Tyrone
Belfast Telegraph
6 days ago
- Business
- Belfast Telegraph
Northern Ireland pharma giant cracks billion pound sales mark
The Craigavon-based business saw turnover rising to £1.03bn, while pre-tax profits soared to £119m – up 27% on the previous year. The company landed at the number seven spot in last year's Ulster Business Top 100 Northern Ireland Companies, with KPMG. The company now employs some 7,700 people across the globe. Almac says it marks the fourth year of the firm's £400m investment programme in the business, which reinvests its profits back into the company. 'This programme has included the development of a Centre of Excellence for Diagnostic development and commercial manufacturing, a 100,000 sq ft pharmaceutical manufacturing facility, and an expansion of cryogenic and ultra-low temperature service capabilities for clinical supply across Durham, North Carolina and Singapore,' the firm said. 'A major expansion continues to clinical production and distribution capabilities in Souderton, Pennsylvania.' Alan Armstrong, Almac group chairman and chief executive, said: '[These] results mark another successful year of growth for Almac. 'As a privately-owned and independent company, we re-invest all our profits back into the business, enabling us to innovate and expand to meet the growing needs of our global clients, working in partnership to advance human health. 'I am proud of the continued progress we are making, which is thanks to the dedication of our valued global workforce.'
BBC News
6 days ago
- Business
- BBC News
Almac: Annual sales hit £1bn at Craigavon pharma firm
Annual sales at Almac, the Craigavon-based pharmaceutical firm, topped £1bn for the first time in revenues for the year ending 30 September were £1.027bn, a £69.5m (7%) increase from profits rose by 27% to £119m, which is up from £93.8m in the previous main line of business is providing services, such as contract manufacturing, to major global pharmaceutical firms. It also develops its own drugs, for example earlier this month it reached an agreement to licence a cancer treatment to a Taiwanese firm for further development and company continued to grow its workforce over the last year and now employs about 7,700 people across its global Armstrong, Almac's group chairman and chief executive, said: "Today's results mark another successful year of growth for Almac."As a privately-owned and independent company, we re-invest all our profits back into the business, enabling us to innovate and expand to meet the growing needs of our global clients, working in partnership to advance human health."Those investments have included growing the company's production and distribution facilities in the US and has now joined a small number of Northern Ireland-based firms that boast an annual turnover of £1bn or include Graham construction and W&R Barnett, a commodities and manufacturing group.
CNBC
19-05-2025
- Business
- CNBC
Williams CEO: Data centers, AI are accelerating power needs like we've never seen
Alan Armstrong, Williams CEO, joins CNBC's 'Money Movers' to discuss why natural gas has been pressured, expectations for demand in the coming months, and more.
Belfast Telegraph
06-05-2025
- Business
- Belfast Telegraph
Highlights: Belfast Telegraph Business Awards 2025
The Belfast Telegraph Business Awards celebrated it's 25th anniversary in Crowne Plaza last week. Award winners included Encirc as Outstanding Business of the year and Chairman and CEO of Almac Alan Armstrong who won the Lifetime Achievement award.
