260 new jobs are set to be created in Co. Tyrone by multinational manufacturing company Terex

Around 260 new jobs are set to be created in Co. Tyrone by a multinational manufacturing company.

US corporation Terex is investing almost £22m (€26m) in its operations in Northern Ireland.

The New York Stock Exchange-listed company manufactures a range of materials processing equipment at factories in Omagh and Dungannon.

The Terex GB jobs in Tyrone will be created over the next four years with £2.6m of support from Invest Northern Ireland.

“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,”

Kieran Hegarty, President (Terex Materials Processing)

He added: “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.

Terex GB Ltd comprises the former Powerscreen International Ltd in Dungannon and Finlay Hydrascreens Ltd in Omagh. Together they manufactured and sold almost £300 million of product outside Northern Ireland in 2012.

Together with the 1,100 full time workers at Terex factories in Omagh and Dungannon, the business directly supports several hundred additional manufacturing jobs in Northern Ireland through its extensive local supply chain. In addition to the construction of new factory space and purchase of new equipment Terex will continue to invest in research and development to support its growth plans and new business initiatives.

“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.”

“Our talented and committed workforce has already made a valued contribution to our success to date, and we are confident the local workforce will continue to help drive our company’s growth in global markets.”

Kieran Hegarty, President (Terex Materials Processing)

Northern Ireland’s enterprise minister Arlene Foster welcomed the jobs announcement.

“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” 

Arlene Foster, Northern Ireland’s Enterprise Minister