Co Tyrone firm's £5m Oman deal is its biggest ever
Co Tyrone engineering firm Telestack has announced its largest single order with a £5m deal in the Middle East.
The Omagh bulk material handling specialist has secured the contract with the Port of Salalah in Oman, which is undergoing a major expansion.
The deal sees Telestack provide a 560-tonne ship loading system, which is being designed to handle the added capacity generated by a major infrastructure boom in the country.
Oman is targeting a $15bn (£11.3bn) investment in the Salalah Free Trade Zone by 2028 to create a larger regional shipping and commerce centre in the area.
Telestack has described it as the first system of its kind in the world. It'll be made at its 100,000sq ft manufacturing plant, which employs 155 people.
The firm, which was acquired by US based Astec Industries in 2014, has been in discussions with the Port of Salalah since 2013. The new ship loading system is to be ready later this year.
The company said its machinery mimics traditional systems, but has the added benefit of mobility, flexibility and a lower cost per tonne, achieved through increasing production rates, reducing cycle times and reducing labour costs.
Telestack also said it had recently secured over £10m in additional business from its ship loading systems, supplying customers in the USA, South America, Africa, the Middle East and Europe.
It has helped boost sales at the company, which have increased by 70% between 2015 and 2017.
Telestack has said it is on course for a record-breaking year in 2018. Outside ports, its equipment is being exported across the world for a variety of industries including mining, quarrying, stockyard management, power stations, rail yards and steel mills.
The engineering firm invested £1.6m in a new custom paint facility last year, representing the first stage of an ongoing expansion plan at the plant.
A dedicated innovation and research and development (R&D) centre is set to follow this year, along with a new customer experience suite.
Managing director Martin Dummigan said: "Central to our long-term growth strategy is the future-proofing of our facility so that we may continue to provide an extensive range of world-class products.
"A further £2m plant investment is already under way in 2018 to help increase capacity, improve throughput and ultimately prepare the factory for sustained growth."