£1.3m investment for new plastics company
Published 15/06/2009 | 12:04
A new Co Fermanagh company is benefiting from a £1.3m |investment announced by the Enterprise Minister.
Erne Extrusions will specialise in moulded plastic products for uPVC roofing markets in Great Britain and abroad.
Invest NI has offered £171,000 aimed at helping the company generate over £2m in sales in its first three years and create 18 new jobs in the next two years.
Enterprise Minister Arlene Foster said: “During a difficult time for our economy, which has seen local firms work hard to cut costs and sustain growth, this investment and its associated employment opportunities are a welcome and encouraging boost.”
She said the company had |identified major business opportunities, adding: “Key to its success will be the adoption of manufacturing processes which rely on recycled materials.
“This will enable the company and its customers to meet |increasingly stringent environmental obligations.”
She said the company’s innovation and environmentally friendly products should be an inspiration. “The fact that a new, niche manufacturing business with strong export potential and an environmental ethos is starting up to service demand in Britain, the Republic and Europe, demonstrates how traditional industries can and must innovate in order to compete and grow, now and in the longer term.”
Managing director Vincent McCoy said a new business |opportunity had been identified for its products.
“Even though the new business is still at an early stage, demand for items such as soffit trims, facia boards and j-trims, is steadily increasing. This is mainly due to our extensive export marketing |campaign which is a key part of the investment project, and |supported by InvestNI’s western regional office.”