Water pump maker Munster Simms Engineering is investing £1.6m in Bangor, Northern Ireland, to develop new products for the marine and caravan markets.
The funding will be invested in research and development for a new range of more sophisticated products. The new R&D has been partly funded by selective financial assistance from Northern Ireland’s Industrial Development Board, to a value of £220,000.
Employing 105 staff, Munster Simms exports its range of Whale Water Systems branded pumps to over 50 countries, and was recently given an award by the International Marine Technology Center, at a trade exhibition in Florida.
Munster Simms is hoping to expand and devote more time to identifying and exploiting overseas market opportunities. Developing business operations will be a key factor.
Speaking at the announcement of the award, Northern Ireland minister for enterprise, trade and investment, Sir Reg Empey said: `The company’s foresight and innovation, coupled with the fact that it is prepared to widen its horizons in the global market, is a tremendous example to others.’
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