Recycling firm McCloskey unveils £17m Dungannon site
A Canadian recycling machinery manufacturing boss has said he remains committed to growing his business in Northern Ireland. It comes as the firm - McCloskey International - unveiled its new £17m Dungannon factory, a 120,000 sq ft centre based at Granville Industrial Estate.
The building, which will specialise in making washing equipment for use in the recycling industry, took three years to build.
And the firm ramped up its staff numbers in preparation for the new facility - creating around 120 jobs to double its Northern Ireland workforce in just three years.
McCloskey has another Co Tyrone site in Coalisland where it makes vibrating screeners and mobile crushing equipment.
According to its latest accounts, the company turned over more than £61m a year in its UK arm.
Invest NI offered £1.8m to support McCloskey's capital investment, research and development and training costs.
The money was part-funded by the European Regional Development Fund.
Owner Paschal McCloskey said: "This is a significant and strategic investment for the business which is designed to increase export sales, particularly of our washing systems.
"Construction activity within developing economies is expected to double over the next decade and we want to position ourselves to capitalise on emerging growth opportunities within the aggregate processing and waste recycling industries.
"With Invest NI support we have focused on ongoing product development and expanded and up-skilled our workforce to enhance our ability to compete effectively for this new business," he added.
"Our new factory at Granville cements our commitment to the region and will enable us to meet the expected increase in demand from our customer base."
Invest NI board member Mark Nodder said: "This is a major investment by McCloskey International, which is an important player in Northern Ireland's materials handling sector.
"Its growth and success is underpinned by a comprehensive and competitive local supply chain which contributes to Northern Ireland's overall manufacturing exports, valued at just over £8bn.
"Northern Ireland is a recognised centre of excellence in the design and manufacture of materials handling equipment.
"Growing and strengthening Northern Ireland's manufacturing business base is core to Invest NI's business strategy."