A Dungannon-based manufacturing firm is investing nearly £8 million in an expansion of its production and office facilities and the construction of a new 37,500 square foot factory.
The four year expansion programme being implemented by Edge Innovate also includes the creation of 80 new roles - with almost half of the roles already filled - and a leadership and skill development programme.
The company designs and manufactures a range of quarrying, mining, materials handling and recycling equipment.
Invest NI has offered the manufacturer over £957,000 towards its investments, which the company say will help with their growth as they seek to expand their business in export market, such as a recent order worth £750,000 in Oman.
Alastair Hamilton, Chief Executive of Invest NI, said it was a pleasure to see the results of the company's commitment after visiting their base to hear about the investment plans.
He commented, “This investment by the company is as a result of this ambitious growth and is a significant commitment to its future, its staff and the local area.”.
“The new roles will generate nearly £2m annually in additional salaries once all are in place."
He continued, “Equally important is the investment in training for staff, which will make a positive contribution to the collaborative work ongoing across Mid Ulster to build the skills pipeline in this industry.
“We are pleased to be able to help this innovative manufacturer to scale by implementing strategic investments across all areas of the business.”
The capital investment will provide additional cutting and welding facilities as well as housing a research and development unit and a new quality control centre.
Darragh Cullen, Managing Director of EDGE Innovate said the success the company has enjoyed is a "reflection of our people."
He said, "As part of our growth plans we are investing in our staff with a major leadership and skills development programme across all business areas, including the introduction of a new welding academy."
He continued, "This investment ensures we are able to capitalise on this demand with the additional space, equipment and people needed to achieve our export targets.
"Invest NI’s support is helping us make this investment at a quicker rate, meaning we are able to capitalise on new export opportunities."