Terex, a global manufacturer of lifting and material processing solutions, is to establish a new facility in Campsie, Londonderry as part of a £12m investment.
The new facility will manufacture product lines for Terex Ecotec (waste management and recycling) and Terex Conveying Systems (TCS) (mobile conveying). The investment will create 100 new jobs.
Speaking at an announcement at the Guildhall in Londonderry, Alastair Hamilton, CEO, Invest Northern Ireland said: “This major investment by Terex demonstrates a long-term commitment to Northern Ireland and recognises the importance of the region as a manufacturing location for this global firm.
“An investment of this scale, in a new facility, new equipment, new product development and staff training, is a major undertaking and our support has been critical to securing the project. From supply chain benefits, increased exports, and new jobs, this project will deliver significant economic benefits to the local area, and Northern Ireland as a whole.
The new jobs will include production operative roles along with, management and support roles in HR, operations and finance and a number of R&D positions. Delivering over £2m in annual salaries, these new positions will add an important boost to the local economy, as well as offering employment opportunities for those looking to return to work, or secure their first positon.”
Terex currently operates from eight sites in Northern Ireland – Dungannon, Omagh, Ballymoney, Lurgan – employing over 1,500 people. Invest NI has offered nearly £1million towards the project to support the new jobs, and research and development. Kieran Hegarty, President of Terex Materials Processing said: “Our objective is to be recognised as a leading global manufacturer of mobile conveyor systems, waste management and recycling equipment.“As part of our growth strategy, we are continually reviewing markets to identify potential opportunities. The waste management, recycling and mobile conveying sectors are areas of significant opportunity, particularly in the US.”