A global pharmaceutical firm based in Devon has confirmed it has plans to build a new factory in the 海角视频.

Accord Healthcare makes and distributes medicines in more than 85 countries, and has a manufacturing facility on the Whiddon Valley industrial estate in Barnstaple. It also has a production site in Fawdon in Newcastle upon Tyne and a distribution centre in Didcot, Berkshire.

A spokesperson for Accord told BusinessLive they could confirm the company is looking to build a new base 鈥渨ithin our 海角视频 region鈥 but added the proposal was 鈥渧ery much in the early stages鈥. The new development could have the potential to create hundreds of jobs.

In its latest set of accounts filed on Companies House in August, Accord reported it employs around 730 permanent staff, of which some 530 work within production.

According to its website, the firm鈥檚 海角视频 manufacturing operations help it to produce an average of 470 million tablets a month and around 5.6 billion a year.

During the financial year to the end of March, Accord reported its revenue had dropped by 15% which it said was driven by competitive price pressures and the impact of Covid-19 on the health sector. Profit after tax stood at 拢19m, down from 拢44.8m a year earlier.

Formerly known as Actavis 海角视频, the business was acquired by parent firm Intas Pharmaceuticals in 2017 and rebranded to Accord Healthcare.

The company has roots dating back more than 180 years in the 海角视频. It was established in Brighton in 1839 as Arthur H Cox and Co, an early developer of pill coatings, before relocating to Devon in the late 1970鈥檚.

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