Denroy in £3 million expansion on back of aerospace growth
BANGOR manufacturer Denroy Plastics is to create 32 new jobs in a £3 million investment.
The expansion comes as the company which also makes the world famous Denman hairbrushes focuses on growing its sales to the aerospace sector.
Denroy has supplied parts to aeroplane manufacturers for two decades and the business currently accounts for a third of what the company does.
However, it hopes to grow that to more than 50 per cent by 2017, largely on the back of supplying parts for Bombardier's CSeries jets.
Other clients including Airbus while Denroy is also the largest supplier of parts to the Eurofighter.
The expansion, which was first mooted by The Irish News in 2013 and is backed by £400,000 from Invest NI, will bring staff numbers at Denroy Plastics to more than 150 and to around 300 employment in the entire group.
Around half of the investment will be spend on expanding Denroy's existing premises at the Balloo Industrial Estate, with the remainder going towards plant and equipment.
Denroy finance director Kevin McNamee said: "It will be 1,200 square metre expansion of the factory.
"Much of the plant of equipment has already been purchased.
"Currently the business is fairly evenly spread at around a third with the hairbrushes, a third aerospace and a third others.
"We want to see aerospace at 55 per cent by the end of 2017."
Denroy's relationship with Bombardier in Belfast helped it develop a system for creating a lightweight yet strong plastic.
It also led to contracts at other Bombardier sites across the world and with other aircraft manufacturers - Airbus is currently Denroy's biggest client.
Denroy managing director John Rainey said: "The aerospace sector is an important market for us and we are enjoying increased success in winning new business evidenced recently by out multi-million pound deal with Triumph Aerostructures based in Texas."
Enterprise minister Jonathan Bell said the expansion "marks a step change in the company's ambition to grow sales within the international aerospace sector".
"The 32 new jobs to be created by 2017 will provide valuable employment opportunities to work with cutting edge technology and generate almost £600,000 annually in additional salaries for the Northern Ireland economy.
"Invest NI has worked closely with the business over a number of years and its support with this expansion will ensure that Denroy Plastics has the capabilities and resources to thrive and grow. Denroy's sustained commitment to market-led innovation will benefit the company as it seeks to compete for new and innovative business opportunities on a global stage."
The Denroy Group has been moulding plastics since 1972 building on the success of the Denman brushes which have been around for almost 80 years.