2 minute read
Tobermore Concrete to invest £30m and create new jobs
Tobermore Concrete – a paving and walling manufacturer based in County Londonderry – is investing £30m and creating 95 jobs as it plans to rapidly grow its business over the next four years.
To help meet customer demand, the company began recruitment earlier this year, with 25 of the new jobs already in place. A further 70 roles are to be created in areas including sales, operations and production.
Invest Northern Ireland has offered Tobermore £807,500 of funding which includes support for its new production facilities in the Mid Ulster area, recruitment and investment in new machinery to help meet the growing demand for its products.
Diane Dodds, economy minister, said: “During such challenging times for companies across Northern Ireland, I would like to congratulate Tobermore on this major announcement. It is investments like this which will drive our economic recovery forward.
“This £30million investment will help Tobermore meet the growing demand for its products throughout the UK and Ireland, whilst also creating valuable skilled employment opportunities in the Mid Ulster District Council area. The jobs, to be created over the next three years, will generate almost £2.5million in additional annual salaries.”
David Henderson, managing director of Tobermore, added: “This investment will put us in a unique position to exploit multiple markets in the coming years, with UK and Ireland our main priority markets. We are excited by the next stage of our growth plans, which requires the major expansion of our current facilities and significant investment in recruitment and marketing.”
Kevin Holland, chief executive officer at Invest NI, concluded: “Supporting businesses with the greatest potential to grow is vital to helping our economy to move forward. We have worked with Tobermore over many years, and recognised the potential the company had to scale rapidly.
“The company participated in our Leadership for Growth Programme, which has provided the senior team with the right tools to move into this new phase of business growth. To support this, we have offered the company just over £850,000 towards this investment and training of its staff to ensure it can grow and meet demand for its products and services.”