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10/10/2013
260 New Jobs Announced For Omagh
Enterprise Minister Arlene Foster has announced a £21.7million investment by US multinational Terex Corporation that is expected to create around 260 new skilled jobs in Co Tyrone.
The NYSE listed company, operating in Northern Ireland as Terex GB Ltd, manufactures a range of mobile materials processing equipment under its Powerscreen® and Terex® Finlay brands at factories in Dungannon and Omagh, Tyrone.
Arlene Foster said: "Today's announcement of around 260 new jobs at Terex GB comes on the back of yesterday’s news that 40 skilled jobs are being created in Omagh. Over 300 new jobs is extremely positive news for Tyrone and it will not only benefit the local area but contribute positively towards to the wider Northern Ireland economy."
The jobs at Terex GB will be created over the next four years with £2.6million of support from Invest Northern Ireland. The project includes a capital investment of £19.2million in buildings and equipment and it will deliver at least £5.5million annually in additional wages and salaries through the creation of the new jobs. Invest NI's support is part funded by the European Regional Development Fund.
The Minister continued: "Terex GB is one of Northern Ireland’s top engineering companies and this decision to expand is a boost for Northern Ireland's vibrant materials handling sector. It also acknowledges the value which the Terex Corporation places on the skilled and educated workforce available here.
"As well as providing skilled employment opportunities in the local area there is also the potential that this investment will create further skilled jobs in the Terex manufacturing supply chain."
(CD/IT)
The NYSE listed company, operating in Northern Ireland as Terex GB Ltd, manufactures a range of mobile materials processing equipment under its Powerscreen® and Terex® Finlay brands at factories in Dungannon and Omagh, Tyrone.
Arlene Foster said: "Today's announcement of around 260 new jobs at Terex GB comes on the back of yesterday’s news that 40 skilled jobs are being created in Omagh. Over 300 new jobs is extremely positive news for Tyrone and it will not only benefit the local area but contribute positively towards to the wider Northern Ireland economy."
The jobs at Terex GB will be created over the next four years with £2.6million of support from Invest Northern Ireland. The project includes a capital investment of £19.2million in buildings and equipment and it will deliver at least £5.5million annually in additional wages and salaries through the creation of the new jobs. Invest NI's support is part funded by the European Regional Development Fund.
The Minister continued: "Terex GB is one of Northern Ireland’s top engineering companies and this decision to expand is a boost for Northern Ireland's vibrant materials handling sector. It also acknowledges the value which the Terex Corporation places on the skilled and educated workforce available here.
"As well as providing skilled employment opportunities in the local area there is also the potential that this investment will create further skilled jobs in the Terex manufacturing supply chain."
(CD/IT)
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