Paul Lavery, MD of Balloo Hire Centres, announces the £10m investment programme
By Nigel Tilson
AROUND £10m is to be ploughed into new plant, tools, equipment and depot sites by one of Northern Ireland's leading industrial and commercial equipment hire specialists.
Balloo Hire Centres said the investment package will help it grow considerably over the next three years.
The company revealed it will be looking to add to its outlets in Bangor, Belfast, Lisburn and Ballyclare, where earlier this year it acquired East Antrim Plant Hire.
"Our substantial growth in recent years reflects the healthy state of Northern Ireland's construction sector and we have no desire for standing still either with a lot of plans on the horizon," said Paul Lavery, MD of the Bangor-based firm.
In the past year Balloo has created 35 jobs, taking the total number of employees to 100.
Mr Lavery said the £10m development programme will create further employment opportunities over the next three years.
"What gives us an edge is that as well as catering for plant, tools and DIY hire, we have invested in a comprehensive range of agricultural equipment, and are enjoying very strong growth in our scaffolding contracting business," the MD pointed out.
"We pride ourselves in meeting the needs of all customers, from large construction and civil engineering firms to householders, and in being a one-stop shop for all their requirements."
In addition to the purchase of new plant and equipment, and development of the depot network, the major investment will cover the creation of a fully integrated workshop facility alongside improvements in its distribution fleet and further staff training and development.
Balloo, which was set up in Bangor in 1988, has also just invested in a new computer system for its workshops.