Tegral has today, Thursday July 25, announced a further investment of €5.8m in its manufacturing plant in Athy.
This is on top of the €1.5m announced locally in April, bringing the total investment to €7.3m.
The investment will result in the creation of 30 new jobs.
In a statement, the company said that €2.1m is being spent immediately on new machinery, while the remaining €5.2m will be invested in upgrading existing machinery and improvements in infrastructure over the next three years.
Ten of the new jobs are already in place and the balance will be created in November.
The investment follows a successful tender by Tegral to supply fibre cement roof slates for the UK market, following a competitive bid with other plants within the company’s global group, ETEX.
The new contract covers ETEX’s full requirement for a range of fibre cement slates in the UK, the company explained.
“This is a good day for Tegral and it’s pleasing to have some more positive news for Athy after all the gloom of recent years,” Paddy Kelly, Managing Director, Tegral said.
“This investment will also enable us to become a more efficient operation in preparation for the higher volumes expected in the coming years. There are already some signs of recovery in the Irish building market and whether the worst or best case scenarios are realised, we will be ideally positioned to manage the anticipated demand,” he added.
Tegral produces a range of slate and metal products and has been in Athy for over 70 years. It currently employs 92 people.
- Conor McHugh