A STRABANE-based manufacturer is set to double its workforce in an ambitious £7 million expansion.
Fabplus, which provides provides prefabricated pipework for use in fire sprinkler systems, is set to create 83 new jobs as part of a three-year plan to increase business both at home and abroad.
Recruitment is already underway to fill the new positions, which include management and production staff and the roles, set to be in place by 2019, will generate £1.7million annually in additional salaries, bring total employment at the firm to 138 people.
The major investment further includes expansion of the firm’s factory space storage and R&D facilities on Orchard Road as well as the development of an in-house powder coating and pipe optimisation capability and implementation of a staff training plan.
Fablus director Darren McGavigan said the ambitious expansion plan is being carried out with a view to competing in the global market.
“Extending the factory by 48,000 sq ft will increase our production capacity and improve factory workflow. Adding breadth and depth to the management team will also introduce additional expertise into the business while implementing our innovative new processes will consolidate our market leading position with new and existing customers.”
Invest NI has offered £786,000 towards the expansion, including £187,590 of R&D support, part funded by the European Regional Development Fund.
Invest NI chief executive Alastair Hamilton said the latest investment from Fabplus is a “significant boost” to the construction sector.
“Fabplus is an established family business in Strabane which has experienced considerable growth over the last five years. The company has been working in partnership with Invest NI during this time and developed a strong competitive advantage in the UK marketplace.”
“Fabplus wants to take advantage of growth opportunities in mainland Europe and Scandinavia and is utilising our help and expertise to invest in the resources, capabilities, training and R&D needed to help achieve its objective,” Mr Hamilton added.
The family business is a subsidiary of Mechanical Pipework Fabrication Limited (MPF), based in Lifford in the Republic of Ireland. Its equipment is installed in power stations, warehouses, retail buildings, hospitals, stadiums, apartment blocks and factories throughout Britain and the island of Ireland.