Successful export strategy leads to CDE profits jump

CDE is planning a �6.8m investment and aims to create 110 new jobs by 2022
CDE is planning a �6.8m investment and aims to create 110 new jobs by 2022

Cookstown-based manufacturer CDE Global has announced a 43% increase in turnover to £46.3 million in 2015, with profits rising to £2.5m, following a successful year targeting new export markets.

The company, which designs and manufactures materials washing and classification equipment, announced earlier this year that is it to create 110 new jobs by 2022 in an investment worth £6.8m.

“Our company figures for 2015 demonstrate that we are operating with confidence and aiming to reach our vision of being the number one wet processing equipment company in every country in the world,” said CDE finance director Colin Trainor.

“Last year saw the culmination of our successful Ready for Rio strategy. It has provided the foundation to support our 2020 growth plans and the creation of new opportunities.

“We are investing in our people and also in continuous R&D to bring to market new products which will help our customers to become more efficient. As part of our export strategy we are building local teams and expanding our offices in the USA and Australia.”

In 2015 CDE Global sold to 33 individual countries, with 60 per cent of its products being exported outside the UK. These sales were across five sectors including sand and aggregates, waste recycling, industrial sands, mining and environmental.

During this twelve month period the company exported to eight regions - UK and Ireland, Europe and Russia, Middle East and North Africa, Sub-Saharan Africa, Australasia, North America, Latin America and Asia.

Net profits increased by 56 per cent in the 12 months to December 31, 2015. The number of employees rose by 52 from 109 to 161.