30/11/2016

Minister Hamilton Praises Advanced Manufacturing Sector

NI's Economy Minister Simon Hamilton MLA has praised the contribution the Advanced Manufacturing and Engineering sector has made to the local economy.

Speaking as the MATRIX Advanced Manufacturing, Materials and Engineering (AMME) report was launched, the Minister said: "There are over 2,000 companies in Advanced Manufacturing in Northern Ireland employing approximately 44,000 people. Advanced manufacturers in Northern Ireland accounted for sales of over £7 billion in 2014. These companies out-performed other sectors and regions in terms of innovation activity, investment in research and development and export intensity.
News Image
"It is also important to acknowledge the wider economic benefits of that activity – the spillover into the wider supply chain, the employment generated and the shared prosperity which this sector provides. As a small economy, we must be agile and innovative. We must build on those areas where we have a competitive advantage and inherent capabilities; where we have technologies and ideas that are or can be world-class."

The report produced by MATRIX makes a series of recommendations in relation to skills and sectoral development. The Minister said: “AMME businesses need to become more visible – both in terms of its broad appeal as a desirable career choice and in terms of show-casing the contribution the highly innovative sector makes to the regional and national economies.

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

21 May 2019
NI Economy Growth Lags Behind UK
Northern Ireland's economy was the slowest growing of any UK region in the first quarter of 2019, according to an estimate report. The study, carried out by the Economic Statistics Centre of Excellence (ESCoE), showed that the UK economy expanded by 1.5%, up slightly by the 1.4% growth observed in the last quarter of 2018.
01 July 2019
Construction Sector Jobs Boost For Co Antrim
A company in County Antrim is set to create 68 new construction industry jobs over the next two years. The new roles at Dowds Group, a mechanical, electrical, facilities management and build contractor based in Ballymoney, will support the firm's planned export growth.
03 September 2014
Magellan Aerospace To Invest Over £5m In Its Greyabbey Operation
Enterprise, Trade and Investment Minister Arlene Foster has announced that Magellan Aerospace is investing almost £6million in its Greyabbey operation and creating 47 advanced manufacturing jobs. The Canadian-owned Magellan Aerospace established its presence in Northern Ireland in 2012 when it acquired local company John Huddleston Engineering Ltd.
31 May 2018
Future Of Manufacturing Event Announced
Invest NI, Innovate UK and the Knowledge Transfer Network have announced a free event to outline what the future of manufacturing may look like and what funding may be available for your business. The business of manufacturing, a key sector in the Northern Ireland economy, is changing rapidly, according to the organisers.
20 May 2010
Sun Shines For Kingspan Investment
Solar energy has received a boost today with news of a £47m expansion by a company specialising in the renewable energy sector. The phased expansion, by Kingspan Renewables Ltd, aims to create 163 new jobs over the next five years.