A total of 50 new jobs are to be created in Cookstown as a leading Northern Ireland exporter announced an investment programme yesterday designed to extend its global reach.
Fourteen of the new jobs are already in place at CDE Global which designs and manufactures bespoke materials washing equipment for the construction, mining, specialist industrial sands and environmental sectors.
Enterprise Minister Arlene Foster announced the £3 million project on a visit to the firm which has grown steadily throughout the recession by adapting and developing its product range to compete in new markets.
This investment underpins its plan to expand its export reach, and in particular to target markets in North America, Australia, South Africa, Brazil and Europe.
“This investment by CDE Global will enable the company to roll out its ambitious export strategy and underpin its position as the world’s premier provider of specialist washing systems,” said Mrs Foster .
“The 50 new jobs offer employment opportunities across a range of disciplines including engineering design, finance, sales and marketing, and are a boost to county Tyrone and the wider economy.
“This expansion further builds on CDE Global’s sustained growth which has been driven by its focus on product development and export sales.
After a series of significant jobs announcements, Mrs Foster used the occasion to express her delight at the fact that Invest NI had surpassed its Programme for Government target for jobs promoted.
“The agency was set a target by the NI Executive of 25,000 in four years,” she said.
“As at the end of May, the agency has promoted 25,543 jobs, 10 months ahead of schedule.
“This is the fifth of its Programme for Government targets it has delivered against early, testament to the hard work and dedication of the team at Invest NI.”
The firm already employs 250 people and Invest has offered £614,000 in support for the new jobs at Cookstown.
“Our objective is to significantly increase overall turnover and push up our level of exports through targeted marketing activity,” said Brendan McGurgan, CDE Global’s managing director.
“In addition to our growth in Cookstown, we plan to establish a presence in our key target markets supported by our growing network of regional service partners.
“Invest NI’s support is essential to enabling us to implement our business plan quickly on the scale we need to achieve our goals.”