Terex to open £12m factory in Derry with creation of 100 jobs
US manufacturing giant Terex has said the opening of a new £12m Londonderry factory employing 100 staff will help it realise its growth ambitions.
The Campsie site will manufacture waste management and recycling products, as well as mobile conveyors.
And the factory is expected to bring knock-on benefits to the area through the supply chain, as well as boosting the province's exports as a whole.
The new jobs, paying an average of £20,000, will include production operatives as well as roles in management and finance, and research and development.
Economic development agency Invest NI is supporting the project with funding of nearly £1m, which its chief Alastair Hamilton said had been "critical" in securing the project.
It's providing £900,054 towards 97 of the jobs, and £92,720 for research and development.
Terex already employs around 1,500 people in Dungannon and Omagh in Co Tyrone, as well as Ballymoney in Co Antrim and Lurgan in Co Armagh.
Please log in or register with belfasttelegraph.co.uk for free access to this article.
It started its local operations in Dungannon following the 1999 takeover of homegrown giant Powerscreen.
Kieran Hegarty, president of Terex Materials Processing, said: "Our objective is to be recognised as a leading global manufacturer of mobile conveyor systems, waste management and recycling equipment.
"As part of our growth strategy, we are continually reviewing markets to identify potential opportunities. The waste management, recycling and mobile conveying sectors are areas of significant opportunity, particularly in the US.
"This new 105,000 sq ft facility will help us realise this ambition by increasing our manufacturing and engineering design capability and developing innovative new products for Terex Ecotec and TCS.
"Work is already under way on the new Campsie site.
"It will be operational later this year, and we aim to have all 100 jobs in place within three to four years.
"This is an exciting development for Terex and the local team."
Mr Hamilton said: "This major investment by Terex demonstrates a long-term commitment to Northern Ireland and recognises the importance of the region as a manufacturing location for this global firm.
"An investment of this scale, in a new facility, new equipment, new product development and staff training, is a major undertaking and our support has been critical to securing the project."