A CO Tyrone engineering firm has announced a major £5 million investment in its Omagh operations.
Telestack has announced plans for a new factory in the Doogary Industrial Estate, adding to its existing 105,000 sq ft Bankmore site.
The material handling company, which supplies some of the largest blue-chip companies in the world, is extending its manufacturing capability by building a new 45,000 sq ft factory on a green field site next to the Fane Valley factory.
The base is set to create new jobs this year and will incorporate state of the art manufacturing premises, a dedicated research and innovative development centre and a modern office suite.
Telestack managing director, Martin Dummigan said the investment is part of ambitious plans to double company revenue in the next three and a half years.
"We have out-grown our current facility and we need to extend our manufacturing footprint to meet the international demand for our products," he said.
"We have made a conscious decision, even in the face of Brexit uncertainty, to invest locally. We have a unique skill base in Omagh and we need to protect Telestack’s engineering acumen. The marketplace has become somewhat flooded with companies who try to copy our designs but you simply can’t buy experience. For want of a better cliché you have to earn your stripes."
"We have an aggressive strategy to continue growing our sales and we are committed to Omagh, to the people that we employ and to the local suppliers and businesses that will continue to benefit from the Telestack success story. As we move through 2019, Telestack will be recruiting for a variety of disciplines including manufacturing, design, sales and aftermarket support," Mr Dummigan added.
Employing almost 160 people, Telestack has more than doubled its sales in each of the past three years. Part of the American giant, Astec, the company has also invested £4m in its Bankmore site over the past two years.
Telestackis currently completing a £5m contract in Oman for the Port of Salalah and this year has its largest ever order book. This includes projects in Africa, North America, South America, Europe and Asia.
