Company to engineer 32 new jobs with £`3m product investment plan
An engineering firm is to create 32 new jobs as part of a £3m investment in product development.
McAuley Engineering in Ballymoney has received £200,000 of support from Invest NI to create the new jobs while implementing plans to grow revenue by around 50% over the next three years.
The precision engineers currently employs 80 people.
Enterprise Minister Arlene Foster said: "McAuley Engineering has been successful in growing both revenue and profitability in recent years within a very difficult and challenging economic environment.
"It has now set itself an ambitious target of growing its sales revenue by approximately 50% over the next three years, most of which will be generated outside Northern Ireland.
"This investment will allow the company to put in place the resources it needs to target new customers and develop new products so that it can ensure its long-term viability."
She said McAuley's success showed there were opportunities, even in the difficult trading environment, for businesses prepared to look to new markets and new products.
Jonathan McAuley, managing director of McAuley Engineering, said: "We recognise that the business has reached a crucial point in its development.
"This investment is therefore key to the ongoing success of the company, in that it will enable us to undertake business development to broaden our customer base and extend our product portfolio.
"Invest NI's broad range of assistance and advice will be essential to our future development."