CRAIGAVON company JW Kane Precision Engineering is undertaking a major£6.75 million investment which is set to create 30 high quality jobs.
Enterprise Minister Arlene Foster made the announcement today (Thursday), as it was revealed the company plans a number of business development activities to advance its technical, management, finance, marketing and skills capabilities.
Invest Northern Ireland has offered almost £900,000 of support, part funded by the European Regional Development Fund.
Announcing the investment during a visit to the company, Minister Foster said: “In recent years JW Kane has become recognised as one of Northern Ireland’s foremost aerospace-focused precision engineering companies.
“This investment marks the next step on its journey to becoming part of the global aerospace supply chain.
“Aerospace is a rapidly growing industry and one that is a priority area for the economy. This project fits with the Northern Ireland Aerospace Strategy, which aims to move local companies up the supply chain by helping them build the capability required to undertake high value-added activities.”
The company’s investment will see it add 11,000 square feet of manufacturing space to its premises, purchase state-of-the art machining centres, undertake companywide training to address key skills gaps, and employ an additional 30 staff.
Jim Kane, Chairman of JW Kane Precision Engineering, said: “This is a highly ambitious investment for the company, aimed at substantially increasing our turnover and widening our customer base. With an improved manufacturing facility and highly trained staff, we will be able to target top level aerospace manufacturers and be in a position to meet their exacting demands.
“Invest NI’s support is essential in allowing the investment to go ahead at this level.”
The company currently employs 55 staff, manufacturing high precision machined components for a number of high profile clients, including Bombardier, Thales, BE Aerospace, GE Hamble and Fokker.