Belfast Telegraph

16 jobs as Co Tyrone firm looks to expand operations

By Joanne Sweeney

An engineering firm in Co Tyrone is creating 16 jobs and plans to double its turnover over the next two years.

Enterprise Minister Jonathan Bell announced the positions as he visited Lagan Engineering Limited in Cookstown.

He described the creation of the new £21,500-a-year jobs as a "bold investment" by the family-owned firm.

"The new jobs will contribute £345,000 annually to the local economy and expand the manufacturing skills base in the Tyrone area," he said.

"They include key management posts that will help guide the company as it moves to the next level.

"Growing and strengthening our indigenous manufacturing businesses is a priority for my department and for Invest NI.

"Manufacturing businesses account for 16% of all local economic output and for one in every nine local jobs.

"Companies like Lagan Engineering Limited play an important role within the supply chain of our highly successful materials-handling sector by providing a high quality, cost-effective manufacturing service."

Only five of the new positions are yet to be filled.

The firm, which currently employs 33 staff, designs and manufactures custom-built products for the sand, quarry, waste and recycling industries.

Managing director Brian Lagan said: "This investment will allow us to expand and diversify over the next two years.

"With new workspace and an operations manager, a design engineer and a quality manager in place, we are confident that we can achieve significant turnover growth and increase our level of exports.

"The support from Invest NI is crucial for enabling us to gear up for new market opportunities and expand our customer base."

He added that the company had managed to increase its workshop space, install new machinery and undertake fresh marketing activities.

It has received £145,000 of assistance from Invest NI along with grant support of £85,000 and a development grant of £13,000.

Lagan Engineering recorded slightly more than £416,000 in fixed assets in its March 2015 annual return.

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