175 new jobs have been announced for County Galway.

The jobs are to be created in Loughrea over the next five years as Chanelle Pharmaceuticals doubles its production capacity.

The investment will see the company launch 75 new products on worldwide markets.

The Chanelle Group currently employs 375 people in Ireland, the UK, Jordan and India.

Michael Burke, Founder and Managing Director, Chanelle Group said: “In the past five years revenue has grown 100% and employment has increased by over 200 people. This growth has been driven by research and development of new products and the expansion into new markets."

Mr Burke added that Chanelle Group will be expanding into new markets including the United States, Central and South America.

He expects revenues to increase by 65% over the next five years.