Electrical engineering firm announces £2.2m investment and creation of 37 jobs
24 November 2015
Brian Dolaghan, Invest NI, with John and Kevin Loughran
Electric Motor and Electrical Engineering company JJ Loughran is putting plans in place to create 37 jobs in Cookstown, Co Tyrone, as part of a £2.2 million investment supported by Invest Northern Ireland.
JJ Loughran, which has recruited nine of these positions already, is investing in new equipment, marketing and additional skilled personnel to boost its competitiveness in growing industry sectors such as agrifood, renewable and pharmaceuticals.
Speaking following a visit to the company’s premises, Brian Dolaghan, Invest NI’s executive director of business and sector development, said: “This significant investment will enable JJ Loughran to maximise its growth potential. The company will target new industry sectors and market regions across Great Britain and the Republic of Ireland. Invest NI’s support has encouraged the business to scale up its offering and implement an aggressive growth strategy.”
JJ Loughran is one of UK and Ireland’s largest and most diverse electrical and mechanical engineering companies; offering a synergy of manufacturing, product supply, installation, maintenance and repair services, both in house and on site.
“The majority of the remaining 28 jobs to be created over the next three years will pay salaries above the private sector median, generating £670,000 annually in additional salaries in the local economy. This is good news for the Mid Ulster region and a welcome development for Northern Ireland’s engineering sector,” added Dolaghan.
Invest NI has offered JJ Loughran £281,090 towards its recruitment, market development and capital investment costs.
Kevin Loughran, Joint Managing Director at JJ Loughran, said: “We want to continue to grow our market share in Great Britain and the Republic of Ireland. We will be introducing innovative production and repair methods as part of efforts to boost our competitiveness and add value to our service offering.
“Recruitment for the 28 positions will begin shortly and will give us the resources to meet the projected growth in new business. Job opportunities will be wide ranging to include electrical and mechanical engineers, sales support roles as well as sales engineers and project engineers.
“Working with Invest NI has enabled us to implement a strategic approach to business growth. Its support with this investment will ensure we can maximise the opportunities we have identified, gaining new business, and raising JJ Loughran’s profile in external markets.”
The company operates in a number of industry sectors including water and sewage utilities, quarrying, manufacturing, chemical, agriculture, food processing, by-product rendering and power generation.http://www.engineersjournal.ie/2015/11/24/electrical-engineering-firm-announces-2-2m-investment-and-creation-of-37-jobs/http://www.engineersjournal.ie/wp-content/uploads/2015/11/aaaajloughran2.jpghttp://www.engineersjournal.ie/wp-content/uploads/2015/11/aaaajloughran2-300x298.jpgNewsinvestment,jobs,Tyrone