US firm to invest more than $5 million in further expansion of Telestack facility in Omagh
ASTEC Industries Inc. have announced plans for a US$5 million factory expansion at their Omagh location, in Northern Ireland, to better serve growing market demands in the mobile crushing and screening industry.
The expansion comes a year after the original facility was built to support the increased demand for mobile material-handling products and was closely followed by the introduction of mobile crushing and screening products.
According to Astec group president Tim Averkamp, the project will add an additional 44,000 sq ft to the facility, bringing the total to nearly 100,000 sq ft and the total investment to nearly US$10 million.
‘This investment aligns with our Simplify, Focus and Grow business strategy and demonstrates our commitment to growth in the aggregate, recycling, and other material-processing industries,’ said Mr Averkamp.
‘It positions us to significantly increase our distribution globally and will help us continue to offer best-in-class products and services to support to our customers.’
Martin Dummigan, group vice-president of operations, said: ‘We opened the original plant a year ago and already have to nearly double it in size, so it’s a real success story and shows the quality of and demand for our product.
‘Northern Ireland is where more than half the supply for the global market for mobile crushing and screening equipment originates and establishing a larger footprint here will not only help us grow our business, but also better serve our customers and partners.’
Astec expanded into Northern Ireland after acquiring Telestack Ltd in 2014 and now have a workforce of approximately 200 in the Omagh area. Mr Dummigan estimates the expansion will add more than 80 new jobs over the next 24 months.
The company says it plans to break ground on the facility expansion in late 2022 with an expected completion by mid-2023.