Arolco (Ireland) in Castlederg is being assisted by Invest Northern Ireland to invest £133,936 and create four new jobs, to help boost sales in Britain and the Republic of Ireland.
The company specialises in the manufacture, service and maintenance of polyurethane and rubber rollers, as well as general engineering, for a wide range of industries including agri-food, concrete production, quarrying and paper and packaging.
Arolco has been offered assistance of £20,000 from Invest NI’s Jobs Fund towards the costs of this export-focused expansion. The new jobs will be in place over the next 12 months.
Announcing assistance for the expansion, Des Gartland, Invest NI’s North West Regional Manager, said: “Arolco is a locally-owned company which has established an impressive reputation for its products and services for clients both here and in the Republic of Ireland.
“Our support has been shaped to meet the company’s strategic focus on expanding its business with manufacturers in the Republic. In addition, the assistance will help the company as it seeks to explore and exploit opportunities in Great Britain.
“The new jobs will mean an additional £67,000 annually to the economy of Castlederg and the wider North West,” he added.
John Paul McHugh, Managing Director of family-owned Arolco (Ireland), which currently employs 35 people at its base in Spamount Industrial Estate, said: “Our business in Northern Ireland and the Republic is developing steadily because we are able to offer manufacturers a complete engineering solution in the design, manufacture, installation and maintenance of rollers for production machinery.
“Our one-stop-shop approach offers extensive benefits to cost-conscious manufacturers who are able to count on us to work with them to develop bespoke engineering designs for their specific requirements. We then manufacture the products and provide on-going expert support.
“Invest NI’s assistance will enable us to convert opportunities we’ve identified for our expertise into firm business in the Republic and also Great Britain, markets we believe offer significant scope for us.
“While we’ve a solid base in the Republic, around 40 per cent of our business is with clients there, we see other opportunities to be developed,” he added.