CDE Group, the Cookstown headquartered supplier of equipment for the global mining and quarry industries, is pleased to announce the purchase of the Caterpillar NI manufacturing facility located at Monkstown, as Caterpillar NI continues the relocation of operations from Monkstown to their Larne facility.
By the end of September this year, CDE will take possession of the building and add the latest fabrication and painting equipment required to build the components necessary for their worldwide sales operations.
With demand anticipated to double by the end of 2020, this additional facility will complement the existing N. Ireland supply base and enhance employment in the Monkstown area where a tradition of engineering has existed for many years.
The plant extends to over one third of a million square feet and is ideal for the fabrication of complex equipment. Commenting on the purchase CDE Business Development Director Darren Eastwood said, “over the next 12 months the plant will be operational and will result in reduced lead times for projects, which is a key driver for CDE sales."
Chief Finance Officer, Colin Trainor added “the efficiencies generated will strengthen the CDE organisation as well as underpin the prospect for employment in the wider area. With our new headquarters also completing in Q4 this is going to be an exciting time for the company and will produce high quality job opportunities”.
Chairman Tony Convery and CEO Marc Jennings expressed their gratitude to the Caterpillar Northern Ireland team for their professionalism and cooperation during the sale process and assured them that they will continue the world class manufacturing excellence and attitude to Health and Safety they had developed over their many years in Monkstown.