22/02/2016

Lagan Engineering To Create 16 New Jobs

Cookstown based firm Lagan Engineering to to create 16 new jobs.

Invest Northern Ireland has offered the company assistance of £134,250.

The firm designs and manufactures custom-built products for the sand, quarry, waste and recycling industries.

Enterprise, Trade and Investment Minister Jonathan Bell welcomed the announcement.

He said: "This bold investment by Lagan Engineering Limited, supported by Invest Northern Ireland, will enable the company to consolidate its success to date and strengthen its long-term viability.

"The new jobs will contribute £345,000 annually to the local economy and expand the manufacturing skills base in the Tyrone area. They include key management posts that will help guide the company as it moves to the next level.

"Growing and strengthening our indigenous manufacturing businesses is a priority for my department and for Invest NI. Manufacturing businesses account for 16 per cent of all local economic output and for one in every nine local jobs."

Brian Lagan, Managing Director of Lagan Engineering Limited, said: "This investment will allow us to expand and diversify over the next two years. With new workspace and an operations manager, a design engineer and a quality manager in place, we are confident that we can achieve significant turnover growth and increase our level of exports."

(CD)

Related Northern Ireland News Stories
Click here for the latest headlines.

25 November 2024
SDLP Seeks Views On Proposed Regional Jobs, Skills and Investment Bill
The SDLP has announced the launch of a public consultation of their proposed Regional Jobs, Skills and Investment Bill, describing it as an opportunity to rebalance the economy across the North. The consultation opened online today and will close on Sunday 16th February.
26 November 2024
Ergo Invests £4.5m In New Belfast Office And Creates 40 Jobs
A leading IT solutions provider has invested £4.5 million into a new Belfast office which will create 40 high-quality jobs over three years. Ergo's new office in Clockwise, River House, near Belfast's Cathedral Quarter supports its strategy of driving economic growth, job creation, and tech exports from Northern Ireland.
02 December 2024
Fintech Firm Ctrl Alt Invests £1.5m In Belfast
London-based fintech firm Ctrl Alt is expanding its operations to Belfast with a £1.5 million investment. The move is expected to create 21 high-quality jobs in the city. Ctrl Alt, a platform that provides access to traditional and token-backed investments, is aiming to grow its presence in the UK and European markets.
25 November 2024
Ergo Invests £4.5m In NI Expansion
Leading IT solutions provider, Ergo, will invest £4.5 million to expand into Northern Ireland, creating 40 high-quality jobs over the next three years.
21 November 2024
Other News In Brief
Mike Nesbitt Pays Tribute To Ken Reid Health Minister Mike Nesbitt has paid tribute to Ken Reid, the veteran journalist who has passed away after a long period of ill health. The Minister said: "I want to first and foremost express my deepest condolences to Ken’s wife Liz, his children and grandchildren and the whole family circle.