Belfast Telegraph

UK Website Of The Year

Denroy set to take off into aerospace plastics sector

By Jamie Stinson

Published 24/06/2015

Enterprise, Trade and Investment Minister Jonathan Bell has announced Denroy Plastics is to create 32 new in Bangor through a £3million investment. The investment, supported by Invest Northern Ireland, will see staged expansion of production capacity at the Denroy factory premises and the purchase of new equipment to support the companys growth in the global aerospace industry. Pictured with the Minister at the companys premises at Balloo Industrial Estate is John Rainey, Chairman of Denroy Group. Photo by Simon Graham/Haarrison Photography
PRESS RELEASE
DEPARTMENT OF ENTERPRISE, TRADE AND INVESTMENT
23 June 2015
Bell announces £3million investment and 32 new jobs at Denroy Plastics
Enterprise Trade and Investment Minister Jonathan Bell has announced Denroy Plastics is to create 32 new jobs in Bangor with a £3million investment.
Invest Northern Ireland is supporting the investment which will involve a staged expansion of the production capacity at Denroys factory premises and purchasing new equipment to support the companys growth within the global aerospace industry.
Jonathan Bell said: Denroys plans to develop its aerospace production facility is a significant investment and marks a step change in the companys ambition to grow sales within the international aerospace sector.
The 32 new jobs to be created by 2017 will provide valuable employment opportunities to work with cutting edge technology and generate almost £600,000 annually in additional salaries for the Northern Ireland economy.
Invest NI has worked closely with the business over a number of years and its support with this expansion will ensure that Denroy Plastics has the capabilities and resources to thrive and grow. Denroys sustained commitment to market-led innovation will benefit the company as it seeks to compete for new and innovative business opportunities on a global stage.
John Rainey, Denroys Managing Director, said: The aerospace sector is
Enterprise, Trade and Investment Minister Jonathan Bell has announced Denroy Plastics is to create 32 new in Bangor through a £3million investment. The investment, supported by Invest Northern Ireland, will see staged expansion of production capacity at the Denroy factory premises and the purchase of new equipment to support the companys growth in the global aerospace industry. Pictured with the Minister at the companys premises at Balloo Industrial Estate is John Rainey, Chairman of Denroy Group. Photo by Simon Graham/Haarrison Photography PRESS RELEASE DEPARTMENT OF ENTERPRISE, TRADE AND INVESTMENT 23 June 2015 Bell announces £3million investment and 32 new jobs at Denroy Plastics Enterprise Trade and Investment Minister Jonathan Bell has announced Denroy Plastics is to create 32 new jobs in Bangor with a £3million investment. Invest Northern Ireland is supporting the investment which will involve a staged expansion of the production capacity at Denroys factory premises and purchasing new equipment to support the companys growth within the global aerospace industry. Jonathan Bell said: Denroys plans to develop its aerospace production facility is a significant investment and marks a step change in the companys ambition to grow sales within the international aerospace sector. The 32 new jobs to be created by 2017 will provide valuable employment opportunities to work with cutting edge technology and generate almost £600,000 annually in additional salaries for the Northern Ireland economy. Invest NI has worked closely with the business over a number of years and its support with this expansion will ensure that Denroy Plastics has the capabilities and resources to thrive and grow. Denroys sustained commitment to market-led innovation will benefit the company as it seeks to compete for new and innovative business opportunities on a global stage. John Rainey, Denroys Managing Director, said: The aerospace sector is

Co Down manufacturer Denroy Plastics will create 32 jobs after a £3m investment to expand the business and attract new customers.

The investment is part of the plastic moulding manufacturer's plan to increase the aerospace side of the Denman Group's business.

Group business also includes the manufacture of hairbrushes.

Currently, aerospace makes up a third of the business, and the firm now has a plan in place to see that grow to 55%.

The business said its strategy will involve expanding its business with existing customers - and attract new customers which it hopes will include aeroplane building goliath Boeing.

It will increase the production capacity at its Bangor factory, where it manufactures parts for Bombardier and Airbus jets.

It will also invest in new equipment to grow the business. Invest NI will provide £400,000 of support as part of the investment.

The average wages of the jobs which will be created over the next three years is £18,750. The majority of the jobs will be for operators.

Enterprise Minister Jonathan Bell said: "Denroy's plans to develop its aerospace production facility is a significant investment and marks a step-change in the company's ambition to grow sales within the international aerospace sector."

Denroy has been moulding plastics since 1972 and during that time has designed, developed and manufactured products for diverse uses and applications.

The company employs 170 people in Bangor, where it also makes the Denman International range of hairbrushes. John Rainey, Denroy managing director, said the investment builds on new deals it has signed over the last 12 months.

"The aerospace sector is an important market for us and we are enjoying increased success in winning new business, evidenced recently by our multi-million pound deal with Triumph Aerostructures."

He added: "We want to remain at the forefront of polymer processing and this investment will enable us to develop our R&D capability and test laboratory to support our development activities."

This is the second major investment by Invest NI into the aerospace sector over the last month after it provided £6.5m of support to components firm RLC for its new factory in Newtownabbey.

In July last year Denroy won a multi-million pound, five-year deal with Texan firm Triumph Aerostructures-Vought Aircraft Division to make parts for Bombardier business jets.

Under the deal, it supplies components for the Bombardier Global 7000 and Global 8000 high-end business jets from Bombardier which have won orders from tycoons including Warren Buffett.

In March 2014 it won a £1m contract to make parts for the Typhoon Eurofighter jet.

Belfast Telegraph

Your Comments

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting? customercare@belfasttelegraph.co.uk

Read More

From Belfast Telegraph