Canadian firm completes £17m Tyrone investment

More than 100 jobs have been created over the last three years, boosting the workforce employed across its Granville and Coalisland sites to more than 260.

Based in Ontario, the business designs and manufactures mobile crushing, screening, recycling and washing equipment for global markets.

Invest Northern Ireland offered £1.8million to support McCloskey’s capital investment, R&D and training costs.

Commenting on the growth plans during a visit to Northern Ireland, owner Paschal McCloskey said: “This is a significant and strategic investment for the business which is designed to increase export sales, particularly of our washing systems.

“Construction activity within developing economies is expected to double over the next decade and we want to position ourselves to capitalise on emerging growth opportunities within the aggregate processing and waste recycling industries.

“Our new factory at Granville, cements our commitment to the region and will enable us to meet the expected increase in demand from our customer base.”

Welcoming the investment, Invest NI board member Mark Nodder said: “This is a major investment by McCloskey International, which is an important player in Northern Ireland’s materials handling sector. Its growth and success is underpinned by a comprehensive and competitive local supply chain which contributes to Northern Ireland’s overall manufacturing exports, valued at just over £8bn1.

“Northern Ireland is a recognised centre of excellence in the design and manufacture of materials handling equipment.

“Growing and strengthening Northern Ireland’s manufacturing business base is core to Invest NI’s business strategy.