The manufacturer of lifting and material processing solutions is investing £12 million in the Campsie development, which will also involve the creation of 100 new jobs.
The new facility will manufacture product lines for Terex Ecotec (waste management and recycling) and Terex Conveying Systems (TCS) (mobile conveying).
Kieran Hegarty, President of Terex Materials Processing said: "Our objective is to be recognised as a leading global manufacturer of mobile conveyor systems, waste management and recycling equipment.
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"This new 105,000 sq ft. facility will help us realise this ambition by increasing our manufacturing and engineering design capability and developing innovative new products for Terex Ecotec and TCS.
"Work is already underway on the new Campsie site. It will be operational later this year, and we aim to have all 100 jobs in place within 3-4 years. This is an exciting development for Terex and the local team and we look forward to the new facility and new recruits playing an important part in our future here."
Invest NI is backing the development with nearly £1 million to support the new jobs, and research and development.
This project will bring significant economic benefits to the area and the whole of Northern Ireland, delivering over £2m in annual salaries and increasing exports.
The new jobs will include production operative roles along with, management and support roles in HR, operations and finance and a number of R&D positions.
Terex employs over 1,500 people in Northern Ireland across its Dungannon, Omagh, Ballymoney and Lurgan sites.
(CM/MH)
