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03/09/2014
Magellan Aerospace To Invest Over £5m In Its Greyabbey Operation
Enterprise, Trade and Investment Minister Arlene Foster has announced that Magellan Aerospace is investing almost £6million in its Greyabbey operation and creating 47 advanced manufacturing jobs.
The Canadian-owned Magellan Aerospace established its presence in Northern Ireland in 2012 when it acquired local company John Huddleston Engineering Ltd. It currently employs 109 people. The global enterprise currently supplies products and services to leading aerospace customers including Airbus, Boeing, Bombardier, GKN and Spirit AeroSystems.
Arlene Foster said: "This significant investment involves the construction of a new specialised assembly facility and additional advanced machining technology, leading to the creation of 47 jobs which are expected to be put in place over the next four years.
"This investment will further enhance Northern Ireland’s aerospace sector which is of vital importance. It will strengthen Magellan Aerospace (Greyabbey) as a supplier of machining, assembly, supply chain management and logistics to the global aerospace industry. The new advanced manufacturing jobs will contribute additional salaries into the local economy as well as introducing new manufacturing skills into Northern Ireland.
"In February we launched the Northern Ireland Partnering for Growth aerospace strategy, which outlines plans to more than double revenues from the aerospace, defence, security and space sectors here to over £2billion per year over the next 10 years. Investments such as this one by Magellan represent a step forward towards reaching that goal."
(CD)
The Canadian-owned Magellan Aerospace established its presence in Northern Ireland in 2012 when it acquired local company John Huddleston Engineering Ltd. It currently employs 109 people. The global enterprise currently supplies products and services to leading aerospace customers including Airbus, Boeing, Bombardier, GKN and Spirit AeroSystems.
Arlene Foster said: "This significant investment involves the construction of a new specialised assembly facility and additional advanced machining technology, leading to the creation of 47 jobs which are expected to be put in place over the next four years.
"This investment will further enhance Northern Ireland’s aerospace sector which is of vital importance. It will strengthen Magellan Aerospace (Greyabbey) as a supplier of machining, assembly, supply chain management and logistics to the global aerospace industry. The new advanced manufacturing jobs will contribute additional salaries into the local economy as well as introducing new manufacturing skills into Northern Ireland.
"In February we launched the Northern Ireland Partnering for Growth aerospace strategy, which outlines plans to more than double revenues from the aerospace, defence, security and space sectors here to over £2billion per year over the next 10 years. Investments such as this one by Magellan represent a step forward towards reaching that goal."
(CD)
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Magellan Aerospace Acquisition Welcomed
Enterprise Minister Arlene Foster has welcomed the acquisition of John Huddleston Engineering Ltd (JHE) by Magellan Aerospace Corporation, a global aerospace company based in Canada. JHE, based in Greyabbey, Co. Down, is one of the leading UK precision engineering companies supplying the global aerospace and defence sectors.
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