03/12/2004

Castledawson firm to create 27 new jobs

A leading Northern Ireland engineering firm is to create 27 new jobs thanks to a new £3.2 million investment package.

Moyola Precision Engineering based in Castledawson, Co. Londonderry said the investment would be used to strengthen and broaden the firm's customer base in the hope of increasing sales and profitability.

Raymond Semple, Managing Director of Moyola, said: “The Moyola team are dynamic, energised and experienced in leading the company forward. We are confident that our latest targeted business plans will be successfully directed to ensure the company successfully develops its leading edge in an ever-changing market place.

“The major goal of moving the company up the supply chain will be achieved through ensuring our customer focused people and processes repeatedly deliver on excellence through value added activities that result in sustainable competitive advantage.”

Invest NI has offered financial assistance of £250,000 towards the project which will bring employment levels at the firm to 78.

(MB/SP)

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