By Maria McCann
Sixty-one jobs are being created by a north west steel manufacturing company.
It's part of a two million pounds Invest NI backed investment by Campsie based Global Equipment Spares.
The company supplies products to the construction, agriculture and recycling industries.
The Londonderry based firm is more than doubling its workforce over the next three years as part of a strategy to grow its export sales six-fold.
Announcing the investment, Invest NI’s Executive Director of Business & Sector Development, Jeremy Fitch said: “Invest NI’s offer of £396,000 is enabling GES to undertake growth development plans aimed at positioning the business so that it can manufacture and export more components, particularly into North America.
“The 61 new jobs being recruited over the next three years range from manufacturing roles to procurement and sales positions and will generate £1.3million annually in additional salaries.
John McClenaghan, Managing Director of GES, said: “This expansion is part of a strategy to grow sales and increase both our workforce and our product offering to meet identified opportunities within new and existing markets. We have set ourselves a challenging target for new export business and will be focused on leveraging our reputation in the industry to secure new customers.
“Invest NI’s support is allowing us to fully implement our growth plans and create valuable employment opportunities across a range of disciplines in the North West.”
Invest NI’s support is part funded by ERDF under the EU Investment for Growth and Jobs Programme 2014-2020.