Posted on Thursday 24 January 2013 by Ulster Business
Minister Arlene Foster met with Blackrock Manufacturing MD Conor Monaghan
Blackrock Manufacturing Ltd has been set up in Coalisland by Pat O'Neill, founder of Powerscreen.
The new engineering company will initially make track frames and supply parts to manufacturers in the earth-moving and demolition/ recycling equipment markets, and will then develop its own line of excavator buckets and hitches.
Invest NI has offered a total of £229,000 of support for the 38 jobs and for export marketing activity in Europe and the US.
Blackrock Manufacturing will benefit from the broad skills set in O'Neill's other business interests, which will provide guidance on all aspects of the new company's operations as well as providing financial backing, the company said.
Conor Monaghan, Blackrock Manufacturing Managing Director, said: "This is an exciting new venture and one that is bringing much needed jobs to County Tyrone. We are confident that we can grow the company over the next few years and achieve significant export sales.
"Jobs Fund and marketing support from Invest NI will help us to establish the company quickly to take advantage the opportunities that have been identified, particularly in the US."
Enterprise Minister Arlene Foster added: "County Tyrone has a strong manufacturing heritage and this new company adds to the region's standing in this area.
"Blackrock Manufacturing will manufacture components that would otherwise have been sourced in China and Eastern Europe, therefore creating skilled engineering jobs in County Tyrone while building an export-focused business.
"The company also intends to develop innovative new products that will be marketed in Great Britain, Europe and the US and will provide opportunities for future growth."