Foster announces £1.7million investment by Terex corporation

Oct 19, 2010

Copyright: Harrisons Photography
 

Pictured with Enterprise Minister Arlene Foster is Kieran Hegarty, President Terex Materials Processing.

Enterprise Minister Arlene Foster today announced a £1.7million investment by US based Terex Corporation, creating 35 new high skilled jobs.

The investment involves Terex Corporation locating its European Global Business Services Centre in Northern Ireland.

The Minister made the announcement in Washington, at the start of the US-NI Economic Conference being hosted by Secretary of State, Hillary Clinton.

Terex Corporation is a global manufacturer producing an extensive range of equipment for a broad spectrum of sectors including the construction, infrastructure, recycling, shipping, transportation and maintenance industries. Within Northern Ireland, Terex has two manufacturing units in Dungannon and Omagh, employing over 1,000 people in the manufacture of mobile crushing and screening equipment.

Arlene Foster commented: “Terex already has a considerable footprint in Northern Ireland and is a significant employer at its two plants in County Tyrone. The decision to also locate its European Business Services Centre in Northern Ireland is an acknowledgement of the value placed on our local capabilities and the support offered by Invest NI.

"Winning new investment in high value sectors, such as Business Services, is the focus of today’s conference. This announcement is an excellent example of the type of project we are working to secure and provides further credibility to Northern Ireland’s proposition as a business and financial services location."

Ron DeFeo, Chairman and CEO of Terex Corporation, commented: “Establishing the European GBS centre in Northern Ireland is a major step in our plans to organise and deliver internal support services more efficiently and effectively.

“The assistance offered by Invest NI has been instrumental in our decision to base the centre in Dungannon. With a highly talented labour force to work with, we are confident of a successful outcome from our investments in Northern Ireland.”

Invest Northern Ireland has offered Terex £369,000 to secure this investment for Northern Ireland which will safeguard six existing jobs and create 35 new high skilled positions. The Terex Global Business Services Centre based in Dungannon will provide centralised support for finance functions across the firm’s European business operations. This centre is the second in the corporation’s global initiative aimed to link Terex manufacturing, accounting, supply chain and human resources processes.

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