29th July 2019
Lisburn based Creative Composites invests £11m in state of the art manufacturing facility
Company name & background
The Creative Composites is the UK’s most advanced composites manufacturer supplying a wide range of innovative products for demanding applications. It provides world leading products through a unique combination of better design, better manufacturing and better service.
Reasons for Project
Creative Composites works with customers across a diverse range of industries including automotive, rail, bus & coach, off-highway and medical.
Among the new technology installed as part of the investment is the UK’s largest compression mould press which will further enhance Creative Composites’ position at the leading edge of what can be achieved with composites.
Results and summary of benefits realised
Invest NI Chief Executive, Alastair Hamilton, added: “This significant investment introduces new technology to Northern Ireland’s advanced manufacturing industry and enhances Creative Composites’ capability to produce high-tech composites for a range of applications.”
“In a highly competitive global industry, this commitment to innovation helps to cement Creative Composites’ reputation as one of the leading composites manufacturers in the UK.
“The new jobs are also a great boost for the economy, and with half already in place, are a real demonstration of the company’s growth. We are pleased to be helping this highly-skilled and ambitious local company achieve its growth ambitions.”
How did ERDF funding, through the EU Investment for Growth & Jobs Programme, contribute to the success of the project/scheme?
Invest Northern Ireland has offered £1.5million towards this capital project part-financed by the European Regional Development Fund under the Investment for Growth and Jobs Programme 2014-2020.
The new jobs being recruited include production operatives, engineering and managerial positions. Once all the jobs are in place they will generate over £2.7million annually in additional salaries to the local economy.
Speaking about the investment, Jonathan Holmes, Managing Director of Creative Composites, said: “The applications for composites are endless and we are focused on expanding our business in key sectors including automotive and rail.