BOYCE Precision Engineering has opened its new manufacturing facility in Portadown and announced plans to double its workforce as part of a £6.9 million investment.
The company has built a new facility at Charlestown Road industrial estate on a site it purchased from Invest NI (which owns the business park).
The investment is part of a five-year project to increase its workforce, manufacturing capabilities, and grow international sales.
Boyce Precision Engineering specialises in producing machined precision component parts for the aerospace interiors and pharmaceutical sectors. This includes manufacturing, machine prototyping, and tool and mould production.
Joint managing director Brian Boyce said: “This is an exciting time for us at Boyce Precision Engineering as we begin the next stage of our journey.
"This investment will help us to meet our strategic growth plans and boost sales in external markets, particularly in the aerospace and pharmaceutical sectors.
“Invest NI’s support towards expanding our premises and acquiring specialist machinery has been key to increasing our production capability and capacity, taking the business to a whole new level.”
Invest NI offered Boyce more than £600,000 towards the construction of the new 18,000 sq ft factory, the purchase of machinery, job creation and staff training.
The 27 new manufacturing jobs to be recruited by 2022 will generate more than £800,000 in additional annual salaries for the local economy.
Invest NI chief executive Alastair Hamilton said: “This major investment by Boyce Precision Engineering is a positive endorsement of the strength of Northern Ireland’s manufacturing capabilities.
“Today’s factory opening marks an exciting new chapter for the company. The new facility and the creation of 27 new high value skilled jobs is encouraging news for the Portadown area.
“Our support towards this project will ensure that the company has the additional resources it needs to expand and capitalise on its growing reputation as a high quality manufacturer and supplier of machined component parts.”
