$35m to be invested in Northern Ireland factories
Terex Corporation will add around 260 new jobs to its factories in Dungannon and Omagh in Northern Ireland over the coming four years, the company announced. It is part of a $34.7 million (£21.7m) investment in building new factory space, purchasing new equipment, and investing in research and development.
The investment will boost the Powerscreen business, which builds a number of crushing and screening units, widely used in mining, quarrying and infrastructure industries worldwide.
Terex acquired Powerscreen PLC, a Northern Ireland-based group of companies, in 1999.
“This significant reinvestment in Northern Ireland marks an exciting chapter in Terex Corporation’s 13-year history in Co Tyrone and will be a major step in our long-term growth plans,” said Terex materials processing president Kieran Hegarty.
“We expect our turnover to increase further over the coming years and we will need to expand our factory space and workforce to cope with projected demand.
A Northern Ireland government agency has offered $4.2m in support.
“Terex GB is one of Northern Ireland’s top engineering companies and this decision to expand is a boost for Northern Ireland’s vibrant materials handling sector,” said Enterprise Minister Arlene Foster.
“The assistance offered by Invest NI has been instrumental in our decision to expand here and this project will help to strengthen Northern Ireland’s position as a centre of excellence for mobile crushing and screening, from design through to manufacture and to global sales,” added Hegarty.
“Our talented and committed workforce has already made a valued contribution to our success to date, and we are confident the local workforce will continue to help drive our company’s growth in global markets.”