| Waste Systems
Ltd, a Co Tyrone company set up last year to develop an innovative
waste recovery unit, is investing over £750,000 to grow its
management, production and marketing capability.
Both the cost of researching and developing
the new unit and the current investment, which will create
nine jobs, have been supported by Invest Northern Ireland,
with part funding by the European Regional Development Fund.
The Plumbridge company has already
achieved export sales for the semi-mobile waste recovery unit,
designed for the recycling sector. With unique separating
capability it can be used either stand-alone or with other
high volume recycling equipment and is the first of its kind.
Nishi Ward, founder and Managing Director
of Waste
Systems, said - “The MaxXtract is a cost-effective
unit with high level functionality and is already proving
popular with customers. We have recently completed installation
of the unit for a French customer - and, with worldwide patent
protection in place, we are confident of achieving our target
of annual sales growth of 50 per cent over the next two years.
“Invest NI’s R&D support was essential
in helping me develop the unit. Their ongoing support for
growing the business will help ensure that we can take advantage
of opportunities arising from EU legislative requirements
governing reduction of waste to landfill and sustainable construction.”
Waste Systems is planning to recruit
a production manager, a designer, an administrator, a sales
person and five production operatives. It will also implement
an extensive marketing programme targeting Great Britain,
France, the Republic of Ireland and the USA.
Carol Keery, Director of Invest NI’s
Innovation, Research and Technology division, added - “Waste
Systems has identified an opportunity in the growing global
market for efficient waste management systems and has acted
quickly to develop a product with unique selling points, which
has already achieved success.
“This significant investment in staff
and marketing activity will now allow the company to build
its presence and achieve its ambitious sales targets, particularly
in export markets.”
|