Combilift announces $50 million investment in new manufacturing facility
New site will more than double the company’s present manufacturing facilities.
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Combilift is to invest $50 million over the next two years in a new manufacturing facility in Ireland, which will also create 200 additional jobs over the next five years.
This announcement was accompanied by visits from Irish Prime Minster Enda Kenny and Irish Minister for Jobs, Enterprise and Innovation Richard Bruton at Combilift’s current headquarters in Monaghan, Ireland on February 6.
The expansion will enable Combilift to proceed with its plan to double its current $190 million turnover over the next five years. The majority of the 200 new jobs to be created will be for skilled technicians and design engineers and a further 200 jobs will also be created during the two year construction period of the new facility.
Combilift has recently purchased 100 acres of industrial zoned land where the new purpose-built, 430,000-square-foot greenfield manufacturing site will be built. This will include a dedicated research and development building, adjoining administrational offices and will be more than double the size of the company’s present manufacturing facilities.
Combilift has produced in excess of 24,500 units since 1998. It currently employs more than 300 people at its two facilities and products are exported to over 75 countries.
Commenting on this announcement, CEO Martin McVicar said: “with this greenfield investment and sufficient land available on the new site for future expansion, Combilift is committed to continuing its organic growth in Monaghan, Ireland for many years to come.”
Irish Prime Minster Enda Kenny said: “It is growing and dynamic Irish companies like Combilift which are driving a recovery across Ireland’s regions. Combilift’s new $50 million facility in Monaghan will make a profound difference to the local economy and the national export economy.”
Combilift USA is headquartered in Greensboro, N.C.
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