INVEST NI has offered £180k to Londonderry engineering firm Allpipe Engineering to support a new £1.1m investment in its export capacity that will see the creation of 20 new skilled jobs.
Kieran Connor, Chief Operating Officer, Allpipe Engineering, said: “We’ve identified an opportunity to increase export sales by targeting new sectors in the pharmaceutical and health food processing industries.
“The new electrical and instrumentation division and orbital welding facility will also allow us to offer a complementary set of products and services to our existing customer base.
“Invest NI’s support has been essential in allowing us to quickly recruit skilled workers and also to undertake marketing to help establish our brand in the new target markets.”
Invest Northern Ireland offered Allpipe Engineering £180,000 towards the company’s total investment of £1,152,650.
Allpipe Engineering specialises in detail design, fabrication, insulation and installation of process and service pipework. The investment will see it set up an electrical and instrumentation division and an orbital welding facility. This will enable the business to bid for higher value contracts, and diversify its products and services.
Invest NI chief Alastair Hamilton said: “Allpipe Engineering has an excellent reputation and its client base already includes a number of high-profile contractors and blue chip businesses.
“This significant investment will further enhance the company’s capability and reputation within key markets, in particular, in export markets where new opportunities are emerging.
“Invest NI is keen to support the creation of skilled jobs such as these and to help our local manufacturing companies to optimise both their performance and their potential.”
It is anticipated that the additional capacity will enable the company to increase its turnover by 60 per cent over the next three years.