Invest Northern Ireland Chief Executive Leslie Morrison has welcomed the announcement by Dungannon-based Chieftain Trailers Ltd of an export deal worth €5 million.
Chieftain designs and manufactures a range of trailers, low-loaders, bowsers and forklift machinery for various sectors, including commercial, agriculture, materials handling and rail freight.
The landmark deal, the biggest in the company’s 25 year history, will see Chieftain supply 100 trailers for agricultural and commercial use in eastern Europe. Invest NI has offered significant financial assistance to the company in recent years, assisting it develop new products and expand into new high-tech premises.
Congratulating the company during a visit to its Dungannon plant, Mr Morrison said: “This major export contract for Chieftain is a result of the company’s commitment to innovation in both new product development and manufacturing methods. This has enabled Chieftain to carve out lucrative commercial opportunities for itself and seize upon them, while also maximising achievable profit margins.
“This kind of deal will help the Northern Ireland economy to overcome the challenges of the current business climate. Chieftain has shown that, despite the economic downturn and the continuing effects of the credit crunch, significant opportunities still exist for local companies that differentiate their offering from those of competitors. I wish Chieftain every success as it fulfils this order over the coming year.”
Managing Director of Chieftain Trailers John Quinn said: “This contract represents a major step forward for Chieftain as we continue to build our export turnover. Invest NI has supported us to improve efficiency through staff training and to develop our overall capability, and it is a tribute to our dedicated and highly skilled workforce that we have secured this key business. We are now well positioned to use this order as a springboard for future growth.”