CDE Global creates 110 jobs over six years thanks to £7m investment
A Co Tyrone heavy equipment manufacturer is creating 110 new jobs over the next six years as part of a £7m investment.
CDE Global, which already employs 172 people at its Cookstown base and a further 29 outside Northern Ireland, designs and manufactures a range of materials and equipment for the construction, mining and environmental industries.
First Minister Arlene Foster and Deputy First Minister Martin McGuinness, visited the firm's headquarters at Ballyreagh Industrial Estate yesterday to make the announcement.
The company's managing director, Brendan McGurgan, said the expansion represents an important investment for CDE as they progress their longer term growth strategy by focusing on new business.
"The CDE vision is to be the number one wet processing equipment company in every country in the world and expanding our facilities and workforce in Cookstown underpins this ambition," he said.
Mrs Foster added the expansion, which will boost the number of people employed globally by the Cookstown firm to more than 300, will support CDE as it looks to further develop its customer base in international markets.
Describing it as "extremely positive investment of £6.8m", she said: "Growing and strengthening our indigenous manufacturing sector is a priority for the Northern Ireland Executive and Invest NI's support for this project will ensure CDE has the resources it needs to fully realise its export potential.
"The company's six year growth strategy, when fully implemented, will see 110 new jobs created in Cookstown across a range of graduate and experienced roles. I commend CDE for its continued investment in Northern Ireland and look forward to its continued success across global markets."
Invest NI has offered more than £1.3m towards the company's expansion plans, which include constructing a factory extension, as well as a new head office building to accommodate the expanding workforce.
The new jobs include a range of roles in manufacturing, research and development, marketing and engineering. Once in place, they will generate almost £2.5m annually in additional salaries to the economy.
Mr McGuinness said: "This investment signals CDE's continued commitment to Cookstown and its confidence in the local workforce.
"CDE is a first class engineering company successfully exporting their innovative materials across the world.
"It is an excellent example of how the capabilities of our local manufacturing sector can be developed for international success."