Two dozen jobs created as medical firm invests £8m
Co Londonderry medical devices firm Armstrong Medical has announced it will invest £8m in its business, creating 24 new jobs.
The company manufactures and exports products for use in anaesthesia, respiratory and critical care.
Its products are sold to more than 60 countries.
Now Armstrong Medical has invested in new machinery and a new 26,000 sq ft warehouse to accommodate increased production.
The family-owned manufacturer, based in Coleraine, said the move will allow it to double its production.
Economic development agency Invest NI contributed £800,000 to the investment.
Invest NI chief Kevin Holland said: "This investment is a significant commitment by Armstrong Medical and gives them the operational capacity to meet growing demand.
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"The company already has a strong export business and is committed to growing this further."
He said the company had been taking part in Invest NI's scaling programme, which had been supporting the firm's growth plans.
"This increase in the company's production levels will significantly enhance its competitiveness and ability to innovate," he added.
"This investment is an exciting step that will see this important employer in the north west scale more quickly."
Twelve of the new roles have already been filled at the company, which reported a turnover of £11m in its last results.
Armstrong Medical executive chairman John Armstrong said: "Our investment in new machinery, premises and people will enable us to double our output and meet customer demand.
"With an increased production area, an enlarged warehouse and more office space we will be able to introduce new products and have the ability to scale up operations on existing products.
"Our business continues to grow - in 2018 we secured an important contract with GE Healthcare. This expansion gives us much more capacity and potential to meet these growth ambitions, and with Invest NI's support, we are able to do this more quickly than if we were doing it on our own."
The company, which was established in 1984 and currently employs 154 people, announced in the summer that it had received planning permission for an extension.
It has been based at its existing 90,000 sq ft facility at Wattstown Business Park in Coleraine since 1994.
It was one of eight companies last year to exhibit at Arab Health, an international show attended by over 4,000 companies from around the world.