£3.1m engineering boost for Omagh stacking up nicely
The strength of Northern Ireland's indigenous engineering sector has been reinforced by news of 40 new jobs over the next three years for an Omagh firm.
Telestack's announcement follows a £3.1m investment to expand its factory in the town and improve its IT system.
Individual salaries haven't been revealed but Enterprise Minister Arlene Foster said they would contribute £1m annually to the local economy, giving an average of £25,000 for each post.
The company specialises in the complete in-house design, manufacture, installation and commissioning of a range of mobile bulk material handling systems.
And it's thought the project could create 15 jobs "in the local supply chain through complementary business opportunities", said a statement from Invest NI which backed the expansion.
It offered Telestack £444,000 to support the investment, part funded by the European Regional Development Fund.
Adrian McCutcheon, managing director of Telestack, said the world market was on his agenda.
"We aim to substantially increase our sales from global customers by 2016 and so need to extend our workforce and operational facilities to support this expected growth," he said.
"The support offered by Invest NI was essential in our decision to undertake this expansion, which will help to underpin our competitive position in the sector and secure emerging new business across South America, Australia, Africa and the USA."
Arlene Foster said Telestack is one of several engineering companies helping put Northern Ireland on the map in the manufacture of materials handling equipment.
"Northern Ireland is a recognised centre of excellence in the design and manufacture of materials handling equipment and Telestack's substantial capital investment is a significant boost for one of our most successful industries," she said.
"This investment is very welcome news for the local area which is renowned for heavy engineering equipment production and also has the skills base to facilitate Telestack's growth plans."