Ulster to invest £6m
Ulster Carpets is to invest £6m in the second phase of the redevelopment of its Portadown manufacturing base.
The scheme, for which planning permission has been applied for will see the construction of a dye house and energy centre. Work is expected to begin next year.
'Not only does this further underpin our long-term commitment to Northern Ireland, but it ensures retention of high value jobs within the UK in the current difficult economic climate. We also believe it is important to maintain all our production operations in the UK, ensuring that we continue to meet the high level of customer service and reliability to our markets for which we are renowned', says Nick Coburn, Ulster Carpets md.
'Thanks to the efforts of our employees we have managed to stay profitable throughout the deep recession. It has always been our policy to re-invest all profits in new projects, which will deliver significant benefits, not just for the company and the future of the business, but to the benefit of the local community as well. We are optimistic for the future and intend to remain focussed on strengthening our position as a premium brand in the carpet market.'