EU market provides healthy returns for Galway based Chanelle
Building up a strong presence in European markets required vision and tenacity for Co Galway based Chanelle Group, one of the many successful Irish companies supported by Enterprise Ireland.
“I made the strategic decision to concentrate on the EU in 1996 as I felt there were better opportunities there in the long term and it was a higher price market”
Chanelle Group in Loughrea, Co Galway epitomises what can be achieved in eurozone markets by an Irish company when its leader takes a long-term view and recognises the importance of investment in research and development (R&D).
Currently employing 395 people and exporting to 80 countries worldwide, Chanelle specialises in the development, production, marketing and distribution of generic animal and human pharmaceutical products.
Chanelle’s turnover has doubled over the past five years to reach over €100m in 2016. The EU accounts for about 83% of overall sales.
Click here to read the full article