Creating 260 new jobs in Northern Ireland

Terex manufactures equipment used in the construction, quarrying and mining industries and has factories in Dungannon and Omagh in Northern Ireland.

It is part of a £21.7m investment and the jobs will be created over the next four years.

The company plans to build new factory space, purchase new equipment and invest in research and development.

Local Government agency, Invest Northern Ireland has offered £2.6m of support. The new skilled jobs will contribute £5m a year in wages.

Terex acquired Powerscreen PLC, a Northern Ireland-based group of companies, in 1999.

Enterprise Minister Arlene Foster said: "Terex GB is one of Northern Ireland’s top engineering companies and this decision to expand is a boost for Northern Ireland’s vibrant materials handling sector.

"It also acknowledges the value which the Terex Corporation places on the skilled and educated workforce available here.

"As well as providing skilled employment opportunities in the local area there is also the potential that this investment will create further skilled jobs in the Terex manufacturing supply chain."

This significant reinvestment in Northern Ireland marks an exciting chapter in Terex Corporation’s 13-year history in Co Tyrone and will be a major step in our long-term growth plans," said Terex Materials Processing President Kieran Hegarty.

He added: "We expect our turnover to increase further over the coming years and we will need to expand our factory space and workforce to cope with projected demand.

"The assistance offered by Invest NI has been instrumental in our decision to expand here and this project will help to strengthen Northern Ireland’s position as a centre of excellence for mobile crushing and screening, from design through to manufacture and to global sales.

"Our talented and committed workforce has already made a valued contribution to our success to date, and we are confident the local workforce will continue to help drive our company’s growth in global markets."

The investment will see the construction of new factory space and purchase of new equipment, as well as research and development activities to support growth plans.