Co Antrim manufacturing firm MAW Engineering to create 46 jobs after £2.8m investment in new facility
A start-up engineering firm has invested £2.8m in a new commercial vehicle venture, including a manufacturing facility in Co Antrim, creating 46 new jobs.
MAW Engineering's 57,000 sq ft facility in Toome will manufacture and assemble the products.
Economic development agency Invest NI has offered £322,000 to MAW Engineering to create the new roles including finance manager, store, administration and HR roles. The company is led by Mark Cuskeran, the former boss of SDC Trailers which is also based in Toome.
Recruitment is currently progressing, with 26 jobs already in place.
The firm specialises in the manufacture and assembly of walking floor trailers and vehicle bodies.
The company's products are regularly used in the transport of biomass, general haulage, construction equipment and delivery vans.
Mr Cuskeran, MAW Engineering managing director, said: "We have over 20 years in the commercial vehicle sector and see significant opportunities in national and international markets.
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"The support that Invest NI has provided has helped get the business up and running quickly and will support the business to grow and achieve business success in the commercial vehicle sector.
"Our team already has significant experience in manufacturing, transport and logistics.
"We are looking forward to bolstering this further through the new jobs we are able to create, bringing new talent to the company."
Bill Montgomery, director of advanced manufacturing and engineering at Invest NI, said: "This new venture by Mark Cuskeran, a veteran of the commercial vehicle sector, will bring a range of products to the market that can be custom designed to a customer's specific needs.
"The investment in a new, purpose-built factory and 46 new jobs demonstrates the company's confidence in its business model and the market.
"The company plans to explore business opportunities in external markets including Great Britain, the Republic of Ireland and Europe.
"Through this strategic focus and ambitions for success in external markets, MAW Engineering will contribute to the economic growth of Northern Ireland, including over £1.28m in additional salaries each year."
Hiab, the on-road load handling equipment specialist, also recently announced that MAW Engineering would be its new sales and installation partner in Northern Ireland and the border counties of Cavan, Donegal and Monaghan.
Hiab has a service and parts provision, currently delivered by Dennison BodyShop.
This arrangement will continue as the firm said the MAW agreement will complement the existing partnership.
MAW was launched in May by Mr Cuskeran, who led the expansion of SDC to become one of Europe's leading trailer manufacturers.
He then oversaw the sale of the firm to Chinese company CIMC in 2016 for an undisclosed sum. The deal was for Retlan Manufacturing Limited, which included the Toomebridge-based SDC Trailers.
In November, SDC, which employs around 650 staff in Northern Ireland, announced it was making redundancies as it blamed Brexit uncertainty for a fall in orders.
It said it had responded by entering a period of consultation with employees "with the unfortunate likely outcome being a number of employees being made redundant".