Barry Gardiner, MP, Minister for Enterprise, Trade and Investment, today opened a new £6 million factory for Andor Technology at Springvale BusinessPark in West Belfast. The new premises will enable the company to grow itsoperations and exploit its lead in the electro-optical technology market.
The Invest Northern Ireland-backedinvestment will result in the company increasing its workforce from 110 to 170by the end of 2006.
Mr Gardiner, speaking at the event,said: “Andor’s commitment to researchand development and to global marketing of its leading edge products hasresulted in steady and profitable growth for the company over the last fiveyears.
“Thesenew state-of-the-art premises increase the company’s capability in continuingproduct innovation and development and will help it achieve theambitious growth targets it has set foritself.
“Companies like Andor highlightNorthern Ireland's reputation as a worldclass centre of excellence in theleading edge technology required for the growing life sciences andnano-technology markets. Northern Ireland’s Regional Innovation Strategy“think|create|innovate” has identified both of these sectors as priority areas inwhich we have the facilities and capabilities to compete internationally.
“Andor is an excellent example of howuniversity research can be successfully commercialised. Ensuring that thishappens is a key objective of the Regional Innovation Strategy.” he added.
Dr Hugh Cormican, managing director ofAndor Technology, said: “Andor’s objective is to be the market leader inspecialist scientific cameras for Original Equipment Manufacture and researchrequirements. We will continue investingin R&D and in our global sales and marketing capacity in the US, Europe andJapan.
“The new facility gives us theopportunity to implement new manufacturing processes that will greatly reduceour total process time and increase efficiency, productivity andprofitability,” he added.
Andor Technology designs, develops andmanufactures specialist scientific cameras. The investment involves the companyexpanding its research, development and manufacturing facilities.
The company wasoriginally formed as a spin out from research at Queen’s University andmaintains close links with the university. It originally moved to Springvale in1997.