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$6 Million investment for ASTEC Omagh site

// 14 April 2023 @ 11:36


We have had a hugely rewarding few days as we welcomed, recently appointed President and CEO of Astec Industries, Jaco van der Merwe and Group President Tim Averkamp to the Astec Omagh facility.

 

Marking his first visit to the factory, Jaco shared with us the great news that the Astec board have approved a further $6m investment in the Omagh facility, positioning it as key to their continued expansion plans in the international market.The project, due to commence imminently, will add an additional 22,000ft² to our Doogary facility, bringing the total Doogary facility to 44,000ft² and the total Omagh facility to 100,000ft². This further investment in the Astec Omagh site brings the total investment from Astec to almost $10million since their acquisition of Telestack in 2014. This investment will also allow a further growth in our employee numbers bringing the headcount closer to almost 300. Visit our Careers Page and stay updated!

Astec Industries are one of America's leading manufacturers of equipment for asphalt road building, aggregate processing, oil, gas, and water well drilling and wood processing and have 18 global factories, one of which is the Omagh facility.

Commenting on the occasion, General Manager, Damian Power explains, “Astec have invested heavily in our facility over recent years to support this part of our expansion journey into designing, manufacturing, and commissioning crushing and screening equipment for the international marketplace. We are leveraging Astec’s strong brand name in crushing and screening and we are looking forward to the global journey ahead. We have a huge opportunity in front of us and we are delighted to be able to bring this level of investment to Omagh.”

“This geographical location is already world-famous with, (according to Invest NI), an estimated 40% of the world’s global multi-billion-dollar material handling and processing industry manufactured within Tyrone. This is a phenomenal statistic. For the Astec board, the investment is warranted given an already established supply chain, a reputable skillset to draw upon and a wealth of proven experience in the design, manufacture, and export of capital equipment. We are building on the success of Telestack and are very much looking forward to the next chapter of our journey.”

To read more about Astec Industries brand and their breadth of products, please visit https://www.astecindustries.com/