Telestack planning to build new £5m factory in expansion drive
Co Tyrone engineering firm Telestack has announced plans for a new £5m factory.
The company, which manufactures bulk material handling machinery for the global market, wants to add to its 105,000 sq ft facility in Omagh with a 45,000 sq ft complex.
It comes months after Telestack announced its largest single order - a £5m deal in Oman in July.
The engineering firm said the new factory was the first phase of a major expansion plan.
Set to be built on a greenfield site next to Omagh's major Fane Valley, the new premises will incorporate a manufacturing facility, a dedicated research and innovation development centre and a modern office suite.
Telestack has already spent £4m on upgrading its facility in the Doogary Industrial Estate, on the outskirts of Omagh.
Set up 34 years ago, the firm has undergone significant growth in recent years, expanding its workforce to 160.
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Initially specialising in machinery for the aggregate and mining industry, the business has expanded into a wider material handling niche, developing portable machines for the ports and inland terminals sector.
Its major deal at the Port of Salalah in Oman last July involved a 560-tonne ship loading system designed to handle the added capacity generated by a major infrastructure boom in the country.
Telestack described the system as the first of its kind in the world.
The company, which was acquired by US based Astec Industries in 2014, has retained its local leadership team.
Managing director Martin Dummigan said the business had doubled its sales in the past three years, adding that the firm was on course to double its revenue again in the next three-and-half years.
"We have outgrown our current facility and we need to extend our manufacturing footprint to meet the international demand for our products," Mr Dummigan said.
"We have made a conscious decision, even in the face of Brexit uncertainty, to invest locally. We have a unique skill base in Omagh and we need to protect Telestack's engineering acumen.
"The marketplace has become somewhat flooded with companies who try to copy our designs, but you simply can't buy experience. For want of a better cliche, you have to earn your stripes.
"We have the experience, the commitment and the enthusiasm to continue forging ahead and continue leading the market, hence the purpose-built research and innovation development centre.
"We have an aggressive strategy to continue growing our sales and we are committed to Omagh, to the people we employ and to the local suppliers and businesses that will continue to benefit from the Telestack success story.
"As we move through 2019, Telestack will be recruiting for a variety of disciplines, including manufacturing, design, sales and after-market support."