First Minister Rt Hon Peter D. Robinson MP, MLA and deputy First Minister Martin McGuinness MP, MLA today officially opened a new £9million production plant in Belfast.
The investment by Larsen Manufacturing, a market leader in the manufacture and supply of chemicals for the construction industry in Northern Ireland and the Republic of Ireland, will boost the company’s production capability, creating up to 30 new jobs.
The investment in the new facility, situated in the Port of Belfast, is the culmination of a period of strong growth for the company which has seen turnover increase by over 40% since 2005. Support from Invest Northern Ireland towards investments in innovative product development projects has been key to this success.
Speaking at the opening event, Mr Robinson said: “Despite the current challenging economic conditions, particularly within the construction sector, Larsen is an excellent example of how such businesses can compete by focusing on innovation and new product development. The new production facility is a symbol of the company’s success in export markets and will accelerate its future growth.”
“With over 30 years’ experience in supplying the construction industry, Larsen has a strong tradition of manufacturing excellence which it has translated into real bottom line success and a leading market position. The enhanced production capability delivered by this new production plant, combined with the ongoing support of Invest NI, will ensure that the company is well-placed to build on its success to date.”
Mr McGuinness said: “As an Executive our top priority in coming weeks is to deliver an economic package that will help both businesses and households weather this current economic storm.
“Amongst a range of measures, we are looking at ways to expedite our capital expenditure programme, to inject vital government spending into the system as quickly as possible. The First Minister and I will also travel to the US in the next few weeks to build on the excellent achievements of the US investment conference earlier this year in securing further investment and trade links in our economy.”