Quarry and mines washing equipment manufacturer CDE has said it is to invest more than £6.8 million and create 110 jobs over the next six years at its facility in Co Tyrone.
CDE designs, manufactures and supplies bespoke materials, washing equipment, waste recovery and recycling systems for a wide variety of industries.
Headquartered in Cookstown, CDE also has operations in the USA, Brazil, Australia and Asia. It currently employs 201 people with 172 based at its headquarters in Cookstown, Co Tyrone.
Vision is to be No 1 wet processing equipment company in every country
Brendan McGurgan, CDE managing director, said: “This is an important investment for CDE as we look to progress our longer-term growth strategy by focusing on new business particularly in the USA and Europe. The CDE vision is to be the No 1 wet processing equipment company in every country in the world and expanding our facilities and workforce in Cookstown underpins this ambition.
“Invest NI’s support, along with the availability of skills, were key factors in securing this investment in Cookstown. We are delighted with our growth here to date and remain committed to achieving our future goals.”
Invest Northern Ireland has offered more than £1.3 million towards the company’s expansion plans which include constructing a factory extension as well as a new head office building to accommodate the expanding workforce at CDE.
Speaking following a visit to the company’s headquarters, First Minister Arlene Foster said: “This is an extremely positive investment of more than £6.8 million from the world’s premier provider of specialist washing systems in important sectors including construction and mining. This multi-million-pound expansion will support CDE as it looks to further develop its customer base in international markets.
“Growing and strengthening our indigenous manufacturing sector is a priority for the Northern Ireland Executive and Invest NI’s support for this project will ensure CDE has the resources it needs to full realise its export potential. The company’s six-year growth strategy, when fully implemented, will see 110 jobs created in Cookstown across a range of graduate and experienced roles.
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Invest NI CEO Alastair Hamilton; FM Arlene Foster; CDE’s MD Brendan McGurgan; DFM Martin McGuinness and EM Jonathan Bell[/caption]
“I commend CDE for its continued investment in Northern Ireland and look forward to its continued success across global markets.”
'First-class engineering company'
Deputy First Minister Martin McGuinness said: “This investment signals CDE’s continued commitment to Cookstown and its confidence in the local workforce. CDE is a first-class engineering company successfully exporting its innovative bespoke materials across the world.
"It is an excellent example of how the capabilities of our local manufacturing sector can be developed for international success.
“The roles will offer a range of quality opportunities as they cover a variety of disciplines in manufacturing, research & development, marketing and engineering. Once in place, the 110 roles will generate almost £2.5 million annually in additional salaries to the local economy.”