Tyrone firm to create 50 new jobs as part of £3m investment
Fifty new jobs are to be created by a Cookstown company in a £3m investment. The expansion by CDE Global will strengthen the firm's export reach in the provision of its specialist washing equipment.
The new jobs come as Enterprise Minister Arlene Foster revealed that government targets for employment promotion had been exceeded – ahead of schedule.
CDE designs and manufactures bespoke materials including washing equipment for the construction, mining, specialist industrial sands and environmental sectors.
Fourteen of the new jobs are already in place and the firm employs more than 250 people worldwide.
Minister Foster said the new investment underpins CDE's plans to target markets globally, particularly in North America, Australia, South Africa, Brazil and Europe.
Speaking at yesterday's announcement, Mrs Foster said: "This investment by CDE Global will enable the company to roll out its ambitious export strategy and underpin its position as the world's premier provider of specialist washing systems.
"The 50 new jobs offer employment opportunities across a range of disciplines including engineering design, finance, sales and marketing, and are a boost to Co Tyrone and the wider economy.
"This expansion further builds on CDE Global's sustained growth which has been driven by its focus on product development and export sales."
The minister also took the opportunity to reveal the success of Stormont's campaign to spearhead employment in Northern Ireland.
"I am also delighted to report that Invest NI has surpassed its Programme for Government target for jobs promoted," she said.
She explained that the agency was set a target by the NI Executive of 25,000 new positions in four years.
"As of the end of May, the agency has promoted 25,543 jobs, 10 months ahead of schedule.
"This is the fifth of its Programme for Government targets it has delivered against early, testament to the hard work and dedication of the team at Invest NI."
Invest NI has offered £614,000 of support for the 50 new jobs in Cookstown.
Brendan McGurgan, CDE Global's managing director, said: "Our objective is to significantly increase overall turnover and push up our level of exports through targeted marketing activity.
"In addition to our growth in Cookstown, we plan to establish a local presence in our key target markets supported by our growing network of regional service partners."
He also paid tribute to the assistance offered by the business development agency.
"Invest NI's support is essential to enabling us to implement our business plan quickly and on the scale we need to achieve our goals."
CDE Global is one of five connected companies and includes bases in Asia, located in India, the USA and also in Brazil.