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Creative Composites to invest £11m & create new jobs
Creative Composites, a Lisburn-based manufacturer of advanced composites, is investing £11 million in new machinery and expansion of its facilities to capitalise on growth opportunities for composite components. 132 new jobs are also being created as part of the expansion, half of which are already in place.
The company is the UK’s most advanced composites manufacturer supplying a wide range of innovative products for demanding applications. It provides world-leading products through a unique combination of ‘better design, better manufacturing and better service’.
Among the new technology installed as part of the investment is the UK’s largest compression mould press which will further enhance Creative Composites’ position at the leading edge of what can be achieved with composites.
Jonathan Holmes, Managing Director of Creative Composites, said: “The applications for composites are endless and we are focused on expanding our business in key sectors including automotive and rail.
“Invest Northern Ireland’s support was critical to investing in the very best plant and machinery that we need to achieve our ambitions. We are excited about this growth phase in the business and are making good progress with recruiting additional staff to support our continued development.”
Creative Composites works with customers across a diverse range of industries including automotive, rail, bus & coach, off-highway and medical.
Invest Northern Ireland has offered £1.5million towards this capital project part-financed by the European Regional Development Fund under the Investment for Growth and Jobs Programme 2014-2020.
Invest NI Chief Executive, Alastair Hamilton, added: “This significant investment introduces new technology to Northern Ireland’s advanced manufacturing industry and enhances Creative Composites’ capability to produce high-tech composites for a range of applications.
“In a highly competitive global industry, this commitment to innovation helps to cement Creative Composites’ reputation as one of the leading composites manufacturers in the UK.
“The new jobs are also a great boost for the economy, and with half already in place, are a real demonstration of the company’s growth. We are pleased to be helping this highly-skilled and ambitious local company achieve its growth ambitions.”
The new jobs being recruited include production operatives, engineering and managerial positions. Once all the jobs are in place they will generate over £2.7million annually in additional salaries to the local economy.