€40 million is to be invested by the company over the next two years in building a new, greenfield manufacturing site. The majority of the 200 jobs to be created in the next five years will be for skilled technicians and design engineers. A further 200 jobs will be created during the two-year construction period of the new facility.
The investment programme has been supported by the Department of Jobs, Enterprise and Innovation through Enterprise Ireland and will position Combilift to double its current €150m turnover over the next five years.
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Combilift has recently purchased 40 hectares of industrial zoned land on the Monaghan bypass, with plans to invest €40m in the building of a purpose-built, 40,000sq m, greenfield global HQ and manufacturing facility, with a devoted Research & Development building and adjoining back office facilities.
Mr Kenny said: "Supporting recovery in the regions is behind this fantastic announcement today of an additional 200 jobs in Combilift and a further 200 construction related jobs. It is growing and dynamic Irish companies like Combilift which are driving a recovery across Ireland's regions.
"Combilift's new €40 million facility in Monaghan will make a profound difference to the local economy and the national export economy. These new jobs will have a deeply positive impact on those who get back to work or take up new opportunities, but they also have a knock-on economic benefit for local businesses, shops, restaurants, tradespeople and service providers.
"This is part of the Government's plan to secure economic recovery and see it spread to every part of the country."
(CD/JP)
