Belfast Telegraph

Ulster firms receive European recognition for job creation

By Margaret Canning

Two of Northern Ireland's top firms have been recognised in a Europe-wide list of job-creating companies.

Online retailer Chain Reaction Cycles and veterinary pharmaceutical firm Norbrook were placed at number 14 and 40 respectively in the 500-strong European Growth Companies 2010. The firms were awarded at a ceremony by networking organisation Europe's 500 in Brussels.

This week the Belfast Telegraph's own Top 100 Companies placed Norbrook and Chain Reaction at 28th and 88th.

Lord Ballyedmond, chairman and chief executive of Norbrook, said: "To be listed among the top 50 companies in Europe for generating sustainable growth and jobs is outstanding for Norbrook. We are immensely proud.

"Norbrook has enjoyed sustained annual growth over the past number of years with a 10% growth in the past 12 months.

"What makes this achievement exceptionally impressive is it has been achieved at a time of European and global recession when Europe was reporting a negative growth of approximately 5%," he added.

Norbrook employs 1,503 people in Newry. It has taken on 79 staff in 2011.

Chain Reaction Cycles, based in Doagh where it employs 291 people, sells bicycles and cycling accessories to around 130 countries.