CDE wins huge a deal to export machinery to Kuwait
A Co Tyrone heavy equipment company has won a multi-million pound deal in Kuwait as it continues to grow its exports.
Machinery and transport account for nearly all Northern Ireland exports to the UAE, which is close to Kuwait - and CDE Global will add to the sector's dominance with the supply of a sand washing plant to the Associated Construction Company.
Ruchin Garg, the Cookstown company's business development manager, said the plant could be used for processing materials such as sand and gravel, crushed rock, scalpings and mineral ores such as iron ore. The materials can then be used in building projects.
Mr Garg added: "In the Middle East's growing construction sector, our integrated mobile washing products - the most advanced available in the region - have become a solution of choice for customers wishing to gain a competitive edge."
And he said there was scope for the company to gain an even bigger share of the market.
Enterprise Minister Jonathan Bell visited the plant in Kuwait during a trade mission this week, and described the CDE Global order as "significant".
"CDE is an impressive ambassador for Northern Ireland's industry excellence and is now the leading provider of wet-processing equipment," he added.
The Minister also said Invest NI had backed CDE in a £3m investment to roll out an ambitious export plan.
And he said machinery and transport equipment accounted for 80% of all Northern Ireland exports to the UAE, and were worth a total of £42.4m.
"My visit here is testament to the fact that Northern Ireland has the drive and the means to expand its business activities throughout the globe and increase exports in this sector," he added.
CDE's machines are used to refine sand and aggregates to use in concrete, including both ready-mix and for roads.
In August last year, the company announced pre-tax profits of £1.6m during 2014.
The firm, which exports to some 80 countries around the world, had a slight increase in sales in 2014 to £32.32m from £32.16m.
Founder Mr Convery set up CDE Global in 2002.