29/04/2014

241 Jobs Announced At Schrader

Enterprise, Trade and Investment Minister Arlene Foster today announced that Schrader Electronics Ltd is investing more than £56m and creating 241 new jobs at its Carrickfergus and Antrim facilities.

Schrader Electronics, a division of Schrader International, is the global market leader in the design, development and manufacturing of remote tyre pressure monitoring systems for the automotive sector.

Announcing the investment during a visit to the company's Antrim facility, Arlene 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 £7million a year in salaries and offer high value employment and training opportunities for local engineers."

The major investment will see the company expand its production facilities and create 241 high quality new jobs over the next three years. It is also undertaking five research and development projects, and a major staff training programme to equip its engineers with the latest design and production techniques.

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

(CD/JP)

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