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18/09/2001
Million pound investment to create thirty jobs in Lurgan
Samuel Lamont Holdings and Valley Dyeworks are to invest £1 million in a new joint venture company to be based in County Armagh.
The investment in Riverside Textiles Limited will see the new company established on the former Clendinnings site at Lurgan. In addition, the investment will provide 30 new jobs as well as securing a further 30 jobs that would otherwise have been lost when the Clendinnings company closed some 18 months ago.
The new company, which draws together three fabric finishing businesses on the one site, will result in significant cost savings.
Announcing the investment, Lawson McDonald, Industrial Development Board Acting Deputy Chief Executive, said: “This new company offers existing and potential customers an extensive and very flexible range of services from the individual expertise and network of contacts of the three component businesses.
“This is an important development for the local textiles industry and is a further example of the type of strategic partnership with a greater emphasis on design for niche markets recommended in the recent Kurt Salmon action plan.” (MB)
The investment in Riverside Textiles Limited will see the new company established on the former Clendinnings site at Lurgan. In addition, the investment will provide 30 new jobs as well as securing a further 30 jobs that would otherwise have been lost when the Clendinnings company closed some 18 months ago.
The new company, which draws together three fabric finishing businesses on the one site, will result in significant cost savings.
Announcing the investment, Lawson McDonald, Industrial Development Board Acting Deputy Chief Executive, said: “This new company offers existing and potential customers an extensive and very flexible range of services from the individual expertise and network of contacts of the three component businesses.
“This is an important development for the local textiles industry and is a further example of the type of strategic partnership with a greater emphasis on design for niche markets recommended in the recent Kurt Salmon action plan.” (MB)
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