Terex corporation, the American manufacturer of lifting and material processing machinery, is investing £12 million (€14 million) to develop a new factory in Derry which is expected to create 100 jobs.
The project has been hailed as a “huge boost for the northwest”.
Connecticut-headquartered Terex has eight plants in Northern Ireland and employs more than 1,500 people there but this is the first time the US corporation has invested in Derry.
Mayor of Derry city and Strabane district council Cllr John Boyle said the investment was “hugely significant” and “fantastic news for the city region”.
The Northern Ireland-born president of Terex Materials Processing, Kieran Hegarty, said work is already under way to develop its new factory, which will manufacture product lines for Terex Ecotec (waste management and recycling) and Terex Conveying Systems (TCS) (mobile conveying) in Campsie, in Derry.
“This new 105,000sq 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,” Mr Hegarty said.
“We aim to have all 100 jobs in place within three to four years. This is an exciting development for Terex and the local team and we look forward to the new facility and new recruits playing an important part in our future here.”
Financial support
Invest NI is backing the new investment project by Terex with nearly £1 million in financial support packages.
Invest NI chief executive Alastair Hamilton said the investment demonstrated a “long-term commitment” by Terex to Northern Ireland.
“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,” he added.
Stephen Kelly, chief executive of the industry group Manufacturing NI said Mr Hegarty also deserved “huge credit” for his role in securing the investment jobs not just for Northern Ireland but for the Derry city region in particular.
“The investment from Terex is huge boost for the northwest, signalling that its future is not only in tech or tourism but also in high-quality manufacturing.
“The manufacturing sector remains the second-largest private-sector employer in the Derry city and Strabane district council area after the retail and wholesale industry.
“The new plant is bringing what should be Brexit-proof production of recycling machinery serving a global marketplace.”
