260 Jobs Created In Omagh

260 new jobs in Omagh are to be created following a £21.7m investment by US company Terex.

The company manufactures mobile materials processing equipment at factories in Dungannon and Omagh.

Enterprise Minister 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 will be created over the next four years with £2.6m of support from Invest Northern Ireland.

The project includes a capital investment of £19.2m in buildings and equipment and is expected to deliver at least £5.5m annually in additional wages and salaries through the creation of the new jobs.

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.

Kieran Hegarty, President of Terex Materials Processing, said: "This significant reinvestment in Northern Ireland marks an exciting chapter in Terex Corporation’s 13 year history in Co. Tyrone and will be a major step in our long term growth plans. We expect our turnover to increase further over the coming years and we will need to expand our factory space and workforce to cope with projected demand.

"The assistance offered by Invest NI has been instrumental in our decision to expand here and this project will help to strengthen Northern Ireland’s position as a centre of excellence for mobile crushing and screening, from design through to manufacture and to global sales."

(IT/CD)