Extra 100 jobs after tech firm's Ford deal
Antrim company Schrader Electronics, which makes automatic tyre pressure monitors, has just announced another 100 new jobs after sealing a multi-million pound deal with motoring giants Ford.
Last week it was announced that over 100 jobs were to be created in a £29m investment in the firm, which already employs between 800 and 900 people in Antrim and Carrickfergus and is part of the automotive and industrial division of Tomkins.
Deputy Prime Minister Nick Clegg has called the move "very welcome news for the Northern Ireland economy and for the UK's automotive industry".
Schrader Electronics will supply its sensors to all new European Ford vehicles, including two of the UK's most popular passenger vehicles, the Ford Fiesta and Ford Focus, with the potential of another 100 new local jobs.
The technology alerts the vehicle's driver to a loss in tyre pressure by either a visual or audible alert in the driving compartment.
The timing has coincided with the first stage of EU regulations which call for tyre pressure monitoring equipment to be fitted to all new cars.
Nick Clegg said: "This substantial contract is very welcome news for the Northern Ireland economy and for the UK's automotive industry. Significant investments in UK businesses by global manufacturers demonstrate the UK's position as a leader in world-class technology and engineering," he said.
"As well as the positive impact on the regional economy, it is also very pleasing that local people stand to benefit from the deal through new employment opportunities."
Schrader Electronics' vice president of business development, Alfonso Di Pasquale, said that the announcement confirmed a very important contract not only for the company but for the automotive sector in the UK, particularly Northern Ireland.
"Ford is a leading automotive manufacturer and we enthusiastically look forward to working with this globally respected brand," he said.
"Ford is providing its European customers with the state-of-the-art direct technology."
Schrader is a world leader in the design and manufacture of remote tyre pressure monitoring systems and the company's products are supplied to nearly every major car maker in the world.
Last year the manufacturer created 30 jobs and revealed plans to double in size within four years.