Posted on Tuesday 4 February 2014 by Ulster Business
First Minister Peter Robinson and Deputy First Minister Martin McGuinness recently met with Ryobi Chairman Hirsoshi Urakami and Ryobi President Akira Urakami.
Ryobi Aluminium Casting, the group's local operation, manufactures aluminium die casting products for the European automotive market and the new investment is in new machinery to enable it to expand its product range.
The major investment by the Japanese owned company is being supported by Invest Northern Ireland, which has offered over £2m of assistance, part funded by the European Regional Development Fund. The new jobs will bring the total number of people employed at Ryobi to 386.
Ryobi Limited's Chairman Hiroshi Urakami, who travelled from Japan for the investment announcement, said: "Ryobi Group is a global leader in specialist die casting technology and we are confident our workforce at Ryobi Aluminium Casting (UK), Limited can help us maintain that position in Europe.
"Over the years we have received excellent support from Invest NI and we consider them to be an important partner in our ongoing development and growth in Northern Ireland."
First Minister Peter Robinson and Deputy First Minister Martin McGuinness welcomed the news.
"Ryobi Aluminium Casting (UK), Limited is one of Northern Ireland's longest established inward investors and this latest investment in its only European plant, is a further indication of its commitment to Northern Ireland. Today's announcement reinforces the growing global appeal that we have as a great place in which to invest and to grow your business," said Mr Robinson.
"We met with Chairman Hirsoshi Urakami and President Akira Urakami in December as part of our business mission to Japan, to discuss this project. I welcome this opportunity to thank Ryobi for its further investment in Northern Ireland and to assure the company of our continued support."
Mr McGuinness said that the meeting in December alongside Japanese Prime Minister Shinzo Abe had provided a platform to attract inward investment.
"This latest investment by Ryobi Limited follows a £900,000 investment by the company in training also supported by Invest NI demonstrates a commitment to developing our people into a multi-skilled workforce. This investment sends out a clear signal that the north of Ireland is a fantastic location for international businesses," he added.
The Hiroshima-headquartered Ryobi Group first established its local business in Carrickfergus in 1990.