Engineering firm ConveyorTek to roll out 25 new jobs with expansion
A Lisburn engineering firm is set to add 25 new jobs to its workforce over the next three years amid its latest expansion.
ConveyorTek has also landed more than £2m in contracts and already doubled its workforce since receiving a loan from the Growth Loan Fund in 2013, adding a dozen new jobs.
And the company - which manufactures and services conveyor systems for the logistics, recycling and material handling industries - is set to expand further with 25 new jobs.
It's already used the cash to invest in new equipment, research and development in order to "meet growing international demand".
And ConveyorTek has also already expanded with a third factory base at Crumlin in February this year.
"Since receiving the loan in 2013, the company has had tremendous success, growing at a rate of 40% year on year," managing director Philip Trimble said.
"We have doubled our workforce and are investing in structural expansions.
"As the company expands we have ambitious growth plans and it is hoped that with continued support we will build two new factories at our old site in Ballinderry.
"Over the next three years we plan to create another 25 new jobs, once again doubling our workforce.
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.
Neil McCabe of WhiteRock Capital Partners - which operates the Growth Loan Fund - said that ConveyorTek "has experienced significant growth in the last two and a half years and is one of our many success stories".