Waste Systems set to expand workforce thanks to loan fund
Co Tyrone firm Waste Systems is more than doubling its workforce with 16 new jobs.
The company - which makes equipment for separating rubbish - is expanding thanks to a £500,000 cash boost from the Growth Loan Fund.
Omagh-based Waste Systems designs, manufactures and supplies turnkey systems and stand-alone machinery for the waste separation and recycling industries.
It was founded by Nishi Ward in 2009 and currently employs 14 staff.
It has developed three patented products in the past six years - and products are exported to markets including the rest of the UK, France, Finland and as far away as North America.
Mr Ward, the managing director, said: "The significant global changes in attitude to reducing landfill in recent years along with the introduction of legislation has contributed to our success to date and positions the company as a key player in the drive to create a better environment.
"Through an extensive and innovative research and development programme, a range of market leading products in GB and Europe have been developed.
"The loan received will now be used to convert orders to end products. As the company grows so will the number of employees - in the next three years we will have in excess of 30 staff."
It received the additional cash from the Growth Loan Fund - a fund set up by Invest NI to provide cash boosts for small and medium-sized businesses. The finance comes from Invest NI and private investor Northern Ireland Local Government Officers' Superannuation Committee (NILGOSC).
Mark Canning, senior investment manager of WhiteRock Capital Partners - which manages the fund - said the business had grown "exponentially in a short time frame".