Fintec Crushing & Screening Ltd Announce Multi-Million Pound Investment

Mar 06, 2006

Hubert Watson, Managing of Director of Fintec Crushing & Screening Ltd, based in Tyrone has announced a major new multi-million pound development project, with support from Invest Northern Ireland.

Part-owned by Swedish multi-national Sandvik AB and driven by local entrepreneur Hubert Watson, the company is a market leader in the manufacture of mobile crushing and screening equipment for use by the quarrying and recycling industry.

The expansion project will allow Fintec Crushing & Screening to develop an innovative range of mobile crushers and increase its worldwide exporting capabilities.

Invest NI has offered the company approximately £0.5 million assistance towards total project costs to help it improve workshop efficiencies, and research and development processes to strengthen its sales and marketing capability.

As part of the development, Fintec Crushing & Screening have added an additional 55,000 square foot of workspace beside its current base of operations in Ballygawley. It is also anticipated that the new project will create in excess of 75 new jobs in the next 2 years.

Congratulating the company on the project, Leslie Morrison said: “By investing in research and development Fintec Crushing & Screening will be able to bring new and innovative products to market, thereby opening up new opportunities for profit.

“Only by focusing on effective R&D will companies across Northern Ireland be able to extend their reach into new markets, increase their client base and enhance their competitiveness,” he continued.

Fintec Crushing & Screening operates within a competitive but rapidly evolving global market place worth an estimated £1 billion, and growing at a rate of £50-£100 million per year. This new investment will allow it to further diversify and increase its market share.

Commenting on the development Hubert Watson, Managing Director of Fintec Crushing & Screening said: “This new project represents another step in the development of our company and will potentially create a host of new market opportunities. Our success to date has been reliant on creating new and innovative products that exceed customer expectation.

“We realise that only through the diversification of our product range and a comprehensive marketing strategy will we be able to build upon our success and increase our profitability,” he continued.

Share this Article

Sign up for News

 Enter Code

Latest Features

Transform your Business - Conference
John McClune, Lean Process Manager
Apr 19, 2018
New Middle East exports open up to Northern Ireland businesses
Noel Johnston, Regional Manager for Qatar, Iran and Kuwait
Apr 17, 2018
Access Invest NI’s Business Information Centre in the North West
Des Gartland, North West Regional Manager
Mar 26, 2018
Relationships, reputation and robust processes – why doing business in Africa is unique
Natasha Siniscalchi-Dönmez, Regional Manager Sub-Saharan Africa
Mar 23, 2018
GDPR video workshop - how to be compliant and keep your data safe
Danny Smyth, Information Governance & Data Protection Manager
Mar 16, 2018
Unpicking the EU negotiations
David Roberts, Invest NI Economist
Mar 15, 2018