Telestack signs £900,000 export deal for machinery
Telestack International, the Omagh-based engineering company, has announced an export contract worth almost £900,000 following an Invest Northern Ireland sector mission to USA. The announcement was made as the company prepares for another Invest NI mission, this time to India.
The deal was signed following Telestack’s visit to the recent ConExpo quarrying and mining show in Las Vegas in a delegation organized as part of Invest NI’s extensive programme of activities to assist the Northern Ireland Materials Handling sector to expand export sales.
The new contract is for the bespoke design and supply of two rail mounted shiploaders for Ascot Resources in British Columbia and will be used for loading panamax vessels with 75,000 tonne capacity of sand and aggregates destined for the highly lucrative Californian market. The two shiploaders have a capacity of 2,000 tonnes per hour each and have been custom designed after intensive consultation with the client.
The company has received marketing and other practical support from Invest NI and taken part in a number of trade missions to global markets, including India.
Telestack is among 12 companies on the latest mission to the Indian business centres of Mumbai and Chennai, which is being led by Lord Diljit Rana, Honorary Consul for India in Northern Ireland.
The University of Ulster’s International Office and Department of Computing and Engineering are also represented on the mission. The university has strategic alliances with similar institutions in Mumbai and Chennai.
Philip Waddell, Telestack’s International Sales Manager, commenting on the company’s export successes, says: “Winning the contract with Ascot Resources is another immensely important development for the company in one of our target markets.
“Ascot is a relatively new force in mineral exploration in North America but is investing heavily in modern processing and shiploading equipment. The contract establishes us in a key marketplace. Over the past few years we’ve secured significant export business in India, Europe and Asia Pacific.
“We’ve used Invest NI services including, trade missions, as an integral part of our growth strategy,” he adds.
Alan Hingston, Invest NI’s Trade Director, welcoming Telestack’s latest contract, says: “This is another development for an ambitious company which is now established as one of our fastest growing exporters, particularly in developing markets in South Asia and Asia Pacific.
“Telestack has used Passport to Export schemes and programmes for the Materials Handling sector very effectively to build significant business in high growth markets such as India, where there are now huge opportunities in infrastructure projects, as well as materials handling and quarrying,” he adds.
Companies on the mission are also being advised and supported by Barry Clarke, Invest NI’s Trade and Investment Director in India. Invest NI opened an office in Mumbai at the end of last year.
Northern Ireland companies taking part in the Invest NI trade mission to India from 29 Mar – 5 April, 2008
APT, Belfast – audio broadcasting technology
Denman International, Bangor – hair products for salons and retail
Fayrefield Ireland – marketing of dairy products
Francis Dinsmore, Ballymena – textiles
PWS Ireland, Newry – road and highway signs
Rutledge Joblink, Coleraine – recruitment and training
Smiley Monroe Direct, Lisburn – components for materials handling equipment
Smiley Monroe, Lisburn – products for quarrying, screening and recycling
Telestack International, Omagh – telescopic handling and storage systems
TG Eakin, Comber – colostomy and wound products
University of Ulster International Office, Newtownabbey – student’s courses
University of Ulster Computing and Engineering, Newtownabbey – technology transfer
Wrightbus, Ballymena – bus manufacture
Yardmaster International, Draperstown – storage sheds