US firm Terex creating 100 engineering jobs in Derry
American manufacturing company Terex has announced 100 new engineering jobs for Londonderry.
Terex will be setting up a new 105,000 sq ft facility based at Derry's Campsie Industrial Estate, with work already underway.
The company already has a number of locations in Northern Ireland including Dungannon, Craigavon and Omagh, employing over 1,500 people.
The new premises will manufacture product lines for Terex Ecotec (waste management and recycling) and Terex Conveying Systems (TCS) (mobile conveying).
Terex aim to have all jobs in place within 3-4 years, with the new facility opening later this year.
Invest NI provided £1m towards the project and CEO Alastair Hamilton said the new jobs would deliver over £2m in annual salaries.
"From supply chain benefits, increased exports, and new jobs, this project will deliver significant economic benefits to the local area, and Northern Ireland as a whole," Mr Hamilton said.
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President of Terex Materials Processing Kieran Hegarty said the investment would help the company develop "innovative new products".
"This is an exciting development for Terex and the local team and we look forward to the new facility and new recruits playing an important part in our future here,” he said.
Chief Executive of Manufacturing NI Stephen Kelly said that the jobs announcement was a "huge boost" and built on recent success in the area.
"The area presents a great opportunity for Terex and other manufacturers given the available skills pool and now that the region is being opened up through the long overdue investment in roads infrastructure," Mr Kelly said.
"The new plant is bringing what should be Brexit proof production of recycling machinery serving a global marketplace."
Foyle MP Elisha McCallion welcomed the announcement and said that similar announcements could follow in future.
“With the appointment by the north west development group of an individual to specifically look at attracting inward investment to Derry and Donegal I would be hopeful of further job announcements in the time ahead,” the Sinn Fein MP said.
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