Machinery firm wins contract valued at £400,000
A Craigavon machinery firm has won new business in Switzerland worth £400,000, strengthening its desire to be a major player in European markets.
CM Machinery will design and manufacture cutting and stacking machinery for lightweight extruded composite foam boards being made by the Swiss company - which it did not name - for use in display and advertising products.
Liam Quinn, CM sales director, said: "This is hugely important business for us with a leading European corporation and will involve us working in conjunction with a German company, MGP Engineering of Cologne, in the development of the complete extrusion line.
"The contract strengthens our market position as a significant European player in providing bespoke end of line equipment such as cutting, stacking and winding systems for the extruded plastic sheet and similar industries.
"Around 50% of our business is currently sourced outside Northern Ireland. Our customers range from relatively small independent companies to major multinational corporations and on all occasions we provide a customised machinery solution to suit a specific customer application. Our flexibility is our strongest card when competing with larger sized and more established competitors."
Invest NI's Dusseldorf office provided advice and support to the company, which Mr Quinn said had helped it to identify potential customers and partners, make initial contacts and line up meetings with the right people.
"We've been able to tap into their immense market knowledge and their experience of business procedures in Germany and other German-speaking regions. The advice and guidance they provided has strengthened our confidence," he added.