Posted on Wednesday 24 June 2015 by Ulster Business
Pictured with Enterprise, Trade and Investment Minister Jonathan Bell at the Denroy Plastics’ premises at Balloo Industrial Estate is John Rainey, Chairman of Denroy Group.
A Bangor company has created 32 new jobs as part of a £3m expansion programme.
Denroy Plastics plans to grow its production capacity to meet growing demand from the aerospace industry and, as well as the new posts, will be expanding its premises and purchasing new equipment.
It designs and manufactures injection moulded plastic products and components for the sector, as well as for customers involved in materials handling and construction. It’s also a subsidiary of Denroy Group which owns the Denman International hair-care range.
In total the new posts, which will be filled between now and 2017, will contribute nearly £600,000 in salaries, a figure which works out at an average salary of £18,750.
John Rainey, Denroy’s Managing Director, said the company’s attention is focused on the air.
“The aerospace sector is an important market for us and we are enjoying increased success in winning new business evidenced recently by our multi-million pound deal with Triumph Aerostructures based in Texas. We want to remain at the forefront of polymer processing and this investment will enable us to develop our R&D capability and test laboratory to support our development activities.”
And he said the latest investment is testament to the firm’s Bangor base.
“This investment demonstrates our long-term commitment to Bangor and to creating further employment opportunities for local people. Invest NI support with this endeavour allows us to remain competitive and boost our productivity, employment and turnover.”