AN international manufacturing company is to create 100 jobs in Derry as part of a £12 million investment in a new plant in the city.
Terex Corporation hopes to have the jobs in place within three to four years at a new plant at Campsie.
A worldwide company, Terex will manufacture waste management and recycling equipment at the Derry plant. The company already employs more than 1,500 people at sites at Dungannon, Omagh, Ballymoney and Lurgan.
Unveiling details of the investment at Derry’s Guildhall, Terex president Kieran Hegarty said the waste management, recycling and mobile conveying sectors were areas of significant growth, particularly in the US.
Mr Hegarty said: “This new 105,000 sq ft facility will help us realise this ambition by increasing our manufacturing and engineering design capability and developing innovative new products for Terex Ecotec and TCS.
“Work is already under way on the new Campsie site. It will be operational later this year and we aim to have all 100 jobs in place within three to four years.”
Invest NI chief Alastair Hamilton said the investment would deliver more than £2 million in salaries in the north west annually. Invest NI has contributed almost £1 million towards the project.
“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,” Mr Hamilton said.
News of the investment has been widely welcomed. Foyle Sinn Féin MP Elisha McCallion said it was a welcome boost for the manufacturing sector.
“It is encouraging to see companies like this with local roots returning to create opportunities in the north west. This investment of £12 million in our local economy is a good news story for the north west,” she said.
Derry mayor John Boyle said the jobs would be high quality and reflected Terex’s commitment to the region and its confidence in the city.
“Terex is a major global player in materials processing equipment and their investment in the north west is hugely significant in helping to promote the region, developing our economy and creating new jobs and opportunities for all our citizens,” Mr Boyle said.
The city's Chamber of Commerce president Brian McGrath said the investment was an important acknowledgement that the city is open for business "and is an endorsement of the talent we have in abundance here".
