29/04/2014

241 Jobs Created By Electronics Firm

An electronics company based in Carrickfergus and Antrim is creating 241 jobs through a £56m investment.

Enterprise Minister Arlene Foster today announced today the investment and jobs boost at Schrader Electronics Ltd., which designs and manufactures remote tyre pressure monitoring systems for the automotive sector.

Announcing the investment during a visit to the company's Antrim facility, Minister Foster said: "Founded locally, Schrader Electronics has grown into a highly renowned manufacturing company, whose products are supplied to nearly every major car maker in the world.

"This is the second significant expansion by Schrader in the last three years and it is a ringing endorsement of the company’s Northern Ireland operations, which currently employ almost 1,000 people.

"The 241 new jobs will generate almost £7m a year in salaries and offer high value employment and training opportunities for local engineers."

Invest NI has offered £9.7million of support, part financed by the European Regional Development Fund under the European Sustainable Competitiveness Programme for Northern Ireland.

Stephen McClelland, Schrader Electronics’ Managing Director, said: "We expect to double turnover within three years due to both Tyre Pressure Monitoring becoming mandatory this year in Europe, and a number of exciting new product opportunities. Our success stems from our strong R&D base developing and commercialising new products to world class manufacturing standards. This will also allow us to consolidate our position as the world’s leading manufacturer and innovator of sensing and valve solutions for the automotive sector.

"Our Northern Ireland operations are central to R&D, process and systems development and this investment will further enhance their role within the company. Invest NI’s support will ensure that we can move quickly to get the new staff in place and the R&D projects underway."

(IT)

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

22 January 2020
Jobs Axed At Belfast Manufacturer
Over 60 jobs will be axed in east Belfast as an American owned valve manufacturer withdraws from Northern Ireland. Crane Stockham Valve, an industrial valve engineer, employs 89 staff at its plant in the Castlereagh area. It is set to close its doors at the end of 2021.
09 December 2013
Community Projects Receive £1.1m
A total of 16 community groups across Belfast have received total funding of just over £1.1m from City Council. The funding boost is being delivered through the £5m Local Investment Fund (LIF), which is part of the council's wider Investment Programme for the city. The move brings the overall amount allocated through the fund to over £2.
16 May 2013
£1.25m For Belfast Community Projects
20 community regeneration projects across Belfast have received funding totalling £1.25m from the City Council. The funding is part of £5m set aside for the Local Investment Fund (LIF). Just under £1.3m is earmarked each to the North, South, East and West of the city and a further £490,000 allocated for the Shankill area.
18 February 2015
Four New Play Parks Announced For L'Derry
£2.8m from the Executive's Social Investment Fund is going toward four new play parks in L'Derry, The facilities will be located at Ballymagroarty Play Park, Kilfennan Valley Park, Ballyarnett Country Park and Daisyfield. Derry City Council has put up £300,000 towards the project.
09 July 2002
NI religious attitudes hardening
There is an increasing hardening of attitudes by both Protestants and Catholics towards living, working and learning together according to new research. The research conducted by the University of Ulster reveals that Protestants’ and Catholics’ perceptions of each other are becoming increasingly negative.