Combilift announces €40m investment in new manufacturing facility
Published: 16 February, 2015
Combilift is to invest €40m over the next two years in a new manufacturing facility, which will also create 200 additional jobs over the next five years.
This announcement was made by Taoiseach Enda Kenny along with the Minister for Jobs, Enterprise and Innovation Richard Bruton on a visit to Combilift’s current HQ in Monaghan town on 6 February.
This expansion will enable Combilift to proceed with its plan to double its current €150m turnover over the next five years. The majority of the 200 new jobs to be created will be for skilled technicians and design engineers and a further 200 jobs will also be created during the two year construction period of the new facility.
Combilift has recently purchased 40 hectares of industrial zoned land on the Monaghan by-pass where the new purpose-built, 40,000sq metre, greenfield manufacturing site will be built. This will include a dedicated research and development building and adjoining administrational offices and will be more than double the size of both of the company’s present manufacturing facilities. These are currently in Monaghan Town where Combilift’s forklift ranges are produced and in Clontibret, where the Straddle Carrier range is built.
Martin McVicar, managing director of Combilift, said: “With this greenfield investment and sufficient land available on the new site for future expansion, Combilift is committed to continuing its organic growth in Monaghan for many years to come.”
Mr McVicar continued: “Combilift, on behalf of the mid-Tier Irish engineering companies is very pleased to announce that it is in the process of submitting an apprenticeship application to accredit our employees and employees of other Irish engineering companies as Original Equipment Manufacturers technicians. This apprenticeship aims to educate technicians to be competent in hydraulics, electrics, and troubleshooting diagnostics.”
Welcoming the announcement, Mr Kenny said: “The market is growing and dynamic companies like Combilift are driving a recovery across Ireland’s regions. Combilift’s new €40m facility in Monaghan will make a profound difference to the local economy and the national export economy.”
Mr Bruton, who has been accompanied by Combilift on several Enterprise Ireland trade missions around the world since taking office, added: “Combilift is a world-class Irish exporting company, developing and manufacturing cutting edge products in a regional location for sale abroad, creating employment for hundreds of people in Monaghan.”