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 Penn Pharmaceutical - 100 New Jobs
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aussiewelshman
Retired Webteam Member

New SOUTH WALES
23652 Posts

Posted - 04/03/2009 :  20:01:41  Show Profile  Reply with Quote
Penn Pharma To Create More Than 100 Jobs At Tredegar
Source - WalesOnLine

BIOSCIENCE company Penn Pharma is creating 133 jobs in s12m investment at its base in Tredegar.

The company says the investment will also safeguard 100 existing jobs at its site at the Tafarnaubach Industrial Estate where the company employs nearly 250 people.
The investment has been backed by the Welsh Assembly Governments Single Investment Fund.
Peter George, CEO of Penn Pharma, said: The backing from the Welsh Assembly Government has been outstanding, and instrumental in Penns decision to develop its current site and bring the work to Wales.
It strengthens our commitment to the local community and as a leading Welsh company we will endeavour to payback the Assembly Governments faith in us by driving sustainable growth and employment.
Penn, founded 30 years ago and based at Tredegar for the past twenty years, is a highly specialised pharmaceutical company which combines clinical trial and drug development with low volume manufacturing.
The company has achieved very strong growth in recent years, with customers from many of the worlds leading pharmaceutical companies in the UK, EU and USA.
The company has already invested in some additional capacity, including an off-site storage and distribution facility near Tredegar, and in the extension and refurbishment of its laboratories.
To pave the way for future growth, Penn intends to undertake a complete redevelopment of its Tredegar base which will not only increase capacity but also improve the efficiency of material flow from production areas to storage space.
In the short term, the company will move existing stores to a site at Oakdale to allow the expansion of its clinical trials supplies and manufacturing facilities.
Further redevelopment phases will include the extension of existing buildings, the relocation of the staff restaurant and the refurbishment of laboratories.
The total cost of building work and of the purchase of new equipment is estimated to be 12.2m
Deputy First Minister Ieuan Wyn Jones said: Penn Pharmas latest investment demonstrates that despite the general economic downturn some key companies in vital sectors are confidently investing in the future and are creating precisely the kind of skilled jobs that the Welsh economy needs.
The project also demonstrates the Assembly Governments readiness to support business expansion and innovation through the Single Investment Fund.
I am determined that we will do everything possible not only through the single Investment Fund but through all the services delivered by the streamlined Flexible Support for Business system to back Welsh companies with the vision to prepare for sustainable growth.

aussiewelshman
Retired Webteam Member

New SOUTH WALES
23652 Posts

Posted - 04/03/2009 :  20:07:19 Link directly to this reply  Show Profile  Reply with Quote
133 Pharmaceutical Jobs Set For Tredegar
Source - South Wales Argus

A GWENT pharmaceutical company is set to provide a rare piece of economic good news by creating 133 jobs and safeguarding a further 100.

The Penn Pharmaceutical Group plans to expand its existing facilities at Tafarnaubach industrial estate, Tredegar, where it already employs 250 people.
The company has already invested in additional capacity, including an off-site storage and distribution facility near Tredegar, and in the extension and refurbishment of its laboratories.
To pave the way for future growth, Penn now intends to undertake a complete redevelopment of its Tredegar base, costing £12.2 million, which will increase capacity and improve efficiency.
The project will be backed by the Assembly through its Single Investment Fund, and Penn chief executive Peter George said support from Cardiff Bay has been "instrumental in Penn's decision to develop its current site and bring the work to Wales."
"It strengthens our commitment to the local community and as a leading Welsh company we will endeavour to payback the Assembly's faith in us by driving sustainable growth and employment," he said.
In the short term, the company will move existing stores to a site at Oakdale to allow the expansion of its clinical trials supplies and manufacturing facilities.
Further redevelopment phases will include the extension of existing buildings, the relocation of the staff restaurant, and the refurbishment of laboratories.
Penn, founded 30 years ago and based at Tredegar since the late 1980s, is a highly specialised pharmaceutical company combining clinical trial and drug development with low volume manufacturing.
The company has achieved very strong growth in recent years, and its customers include many of the world's leading pharmaceutical companies in the UK, Europe and USA.
Deputy First Minister Ieuan Wyn Jones praised Penn's investment plans.
"Despite the general economic downturn, some key companies in vital sectors are confidently investing in the future, creating precisely the kind of skilled jobs that the Welsh economy needs," he said.
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aussiewelshman
Retired Webteam Member

New SOUTH WALES
23652 Posts

Posted - 11/03/2009 :  23:40:09 Link directly to this reply  Show Profile  Reply with Quote
Sir Roger Jones - Founder Penn Pharmaceuticals
Source - WalesOnLine

THE economy would benefit from more civil servants spending time in the private sector, the former chairman of the Welsh Development Agency has said.

In an interview with Forward Wales, published in today’s Western Mail, Sir Roger Jones argues that there is a systemic failure by the public sector to take risks.
That is hindering growth and the creation of business opportunities in Wales, which Sir Roger argues could be turned around by giving politicians and leading civil servants more experience in the private sector.
A number of leading civil servants within the Welsh Assembly Government do have that private sector experience.
Among them are Sharon Linnard, director of operations and Invest Wales, who was tax partner with KPMG and former Shell executive Ian Williams, director of International Business Wales.
Sir Roger, who founded Tredegar-based Penn Pharmaceuticals, said: “You can gather knowledge about how a business works and how to make money from the hundreds of books on how to be successful.
“Unfortunately, unless you have been there and wept about your inability to pay staff salaries through lack of cash, you cannot understand how a business works.”
Sir Roger, who is leading an independent review of AMs’ pay and expenses, argued that the private and public sectors need to work more closely together.
He said: “Those in the private and public sectors are totally divorced from each other. There are good people in the public sector whose hearts are in the right place and who want entrepreneurs to succeed.
“That said, there remains a systemic failure to take risks whereas the private sector is about controlled risk and being prepared to take decisions on the spot.
“In the public sector they tend to postpone decisions beyond the point where they are necessary.”
Sir Roger’s views on public-private sector partnerships were recently echoed by Welsh Local Government Association chief executive Steve Thomas.
He told an audience of executives at Cardiff Breakfast Club that there should be a new era of dialogue between the two sectors in key areas such as planning and procurement – to ensure the economy was best placed to maximise the upturn when it came.
Mr Thomas, who represents the 22 unitary authorities in Wales, said there were still deep-rooted negative perceptions on both sides.
He said the private sector still viewed public sector colleagues as being too bureaucratic and risk averse, while the private sector was seen as “pirates”.
“There is also an unflinching view in the private sector that they can do things better. Well, in most cases they can, but don’t keep telling us.
“It also plays the other way. There is a perception in local government that there is a set of pirates out there called the private sector.
“Some of this thinking comes from the number of times officials have sat in rooms with private sector people who have promised everything – but then it ends up with a bit of pain.”
Sir Roger argued that in an ideal world politicians and senior civil servants would spend five years in the private sector and be recruited from there.

He added: “Opportunity disappears if you let events make decisions for you. The higher echelons of the Civil Service don’t want risk.”
David Rosser, director of the CBI Wales, said civil servants often took a cautious approach to decision making, given the amount of public money they handled.
But he added: “It would be good to narrow the gulf that I think exists in experience and attitudes and understanding between Civil Service and many politicians on the one hand and business on the other.
“We have started to see more external recruitment into the Civil Service, certainly at a very senior level where jobs are routinely advertised and that is to be encouraged.
“What we need is for the Civil Service to foster a culture which allows people to experiment more, and partly that requires those of us outside the Civil Service to be more sensible to things that might be tried but that fail.”
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pierre
Webmaster

United Kingdom
13890 Posts

Posted - 27/07/2012 :  14:04:46 Link directly to this reply  Show Profile  Reply with Quote
The new building going up at Penn (Tafarnaubach Ind. Est, Tredegar)

Great to see



_________________________________________
News & Information on Tredegar since 1991.
Visit the Tredegar Timeline Project at : www.TredegarTimeline.co.uk
Search on this website is your friend!
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lilstinky
New Member

United Kingdom
1 Posts

Posted - 14/08/2012 :  18:40:34 Link directly to this reply  Show Profile  Reply with Quote
Me Thinks your info is a little out of date; been working there for alot of years.
1. Peter George is no longer CEO hasnt been for considerable amount of time.

2. Vast over exaggeration of job opportunities, Granteed those that will be available will go to out siders (out of area) that have done the job for other companies or internal for those who have lot of years and knowledge.

Most of jobs that have been taken at higher ranks have come in from over tha borders of wales
Which is flustrating for those locally who would like to get jobs there
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pierre
Webmaster

United Kingdom
13890 Posts

Posted - 14/08/2012 :  20:04:48 Link directly to this reply  Show Profile  Reply with Quote
Hi,

If you look at the. News article, it was posted in 04/03/2009

_________________________________________
News & Information on Tredegar since 1991.
Visit the Tredegar Timeline Project at : www.TredegarTimeline.co.uk
Search on this website is your friend!
Go to Top of Page
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