‘Newry the place to be for growing businesses’ says Murphy after £2.3m investment creates 17 new jobs | Latest Newry News, Newry Sport and Newry Business for Newry City

‘Newry the place to be for growing businesses’ says Murphy after £2.3m investment creates 17 new jobs

Joint First Minister Martin McGuinness joined with Chair of the Economy Committee Conor Murphy and Junior Minister Megan Fearon to announce Resonate Testing Limited’s £2.3million investment to establish a dedicated testing and certification facility in Newry.

murphy mcguinness fearonThe investment will create 17 new advanced engineering jobs and will allow Resonate Testing to offer commercial fire and vibration testing to international engineering and manufacturing businesses across a range of sectors, including aerospace.

Speaking at the official opening, the Joint First Minister, Martin McGuinness said, “This is an exciting new business venture by a local group with global ambition and aspirations.

“This new testing facility and functionality will complement the design and product development activities of Resonate’s parent company, The Nacelle Group.

“The 17 new advanced engineering jobs being created in Newry will generate £389,000 in annual salaries and provide a welcome boost to the manufacturing industry in Newry, Mourne and Down District Council area.

“One of Resonate’s target sectors, Aerospace is growing rapidly and this investment will ensure these unique engineering capabilities are available across the north and beyond. I wish Michael Thompson and everyone connected with Resonate Testing Limited and The Nacelle Group continued success for the future.”

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May June 2016 updatedNewry MLA and Chair of the Economy Committee Conor Murphy said the investment was proof of Newry’s status as an ideal business hub. “This demonstrates once again that Newry is the place to be for growing businesses. We’re ideally placed between the two biggest cities in the country, with an educated and motivated workforce. “

mcguinness4South Armagh MLA and Junior Minister Megan Fearon also welcomed the news. “While it’s always good to see jobs being created it’s particularly pleasing to see such high quality, skilled jobs coming into the area.

“This announcement is not just good for the area in terms of investment and jobs but also highlights Newry and the surrounding area as a real focal point for those seeking serious career opportunities.”

Invest Northern Ireland has offered Resonate Testing £230,000 to support the construction and marketing of its facility as well as the creation of the new jobs. Recruitment of the 17 new jobs is underway. Six of the positions are already in place with the remaining expected to be filled over the next 18 months.

Michael Thompson, General Manager of The Nacelle Group, said, “This investment marks an important move to diversify the Nacelle Group into new sectors. Through the careful selection of technology, we have the unique capability on the Island of Ireland to integrate environmental and vibration tests to replicate operational conditions, an increasing requirement within the aerospace sector.

“We have worked closely with Invest NI to position ourselves competitively to target supply chain opportunities among our international customer base. We are pleased with our progress to date and hope to achieve our export sales targets in the coming months.”

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Posted by on Jun 11 2016. Filed under Business, Community, News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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