£1m export deal announced in China

Published Tuesday, 13 November 2012
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A business deal worth £1m for a Carrickfergus company has been announced by the First and deputy First Ministers during their trade mission in China.

£1m export deal announced in China
The First and deputy First Ministers are on a trade mission in China. (© Presseye)

Peter Robinson and Martin McGuinness were in Shanghai when they announced the million-pound orders from China that have been secured for Yelo.

Yelo designs and manufactures automated test equipment for the electronics market.

As market leader, Yelo distributes its products in North America, Europe and Asia, and its customers include Fortune 500 corporations, universities and research establishments.

The company has secured three new clients in China, based in Beijing, Shenzhen and Shanghai, who have purchased systems used for testing broadband and data storage equipment.

Welcoming the £1m investment, the First Minister said: "The success of Yelo in winning business worth £1m in China strengthens our conviction that our companies, both large and small, have the leading-edge technology and expertise that China requires.

The Executive is committed to developing strong trade links with China and is ready to work alongside our companies to help them harness the very real business opportunities that are developing in one of the world's most dynamic markets.

First Minister Peter Robinson

The deputy First Minister said: "The scale of this important mission, among the biggest from here in recent years, shows the strength of interest in China from our local companies.

"Yelo's increase in orders in China underlines the growth potential in this vast marketplace. We want to grow and strengthen our economy by opening up new markets for business and explore new opportunities through investment in science, research and technology.

"We share a commitment with China to invest in our young people and encourage education exchanges by collaborating with universities right across China."

David Simms, Yelo's Sales and Marketing Director, said: "Our technology enables laser manufacturers and their clients to determine the lifetime of a laser and also to prevent early failure in the field.

"They commissioned us to develop very reliable test systems within a very short lead time. We achieved this by quickly customising our main product to suit the widest range of lasers. Invest NI helped us to take part in two major trade shows in China, which produced contacts that led directly to the new business.

"Furthermore, Invest NI assistance has helped us to quickly become a market leader in both high and low power laser test systems. In fact, we can lay claim to having worked with more laser types than any other company worldwide."

Enterprise Minister Arlene Foster, who was also in Shanghai, added: "China and other fast-growing Asian economies are increasingly important to Northern Ireland as we seek to further boost our exports.

"Businesses must grasp these opportunities if we are to transform Northern Ireland into a vibrant, private sector-led economy."

© UTV News
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5 Comments
Chris in Belfast wrote (513 days ago):
Thats the problem here, now that the province has stability and we have the opportunity of foreign investment aswell as expansion of our own local companies we sit with the "small guy" mentallity, keeping our success quiet when we should be letting the world know were open for business. Sure this is a small deal in comparison, but the point is that its improvement, I think its creating up to 7 new jobs, not a lot but going in the right direction. Look at Vion pulling out of Cookstown after stating they will invest £10,000,000, FG Wilsons closing and the crumbling now of the rest of Quins empire, with the exception of Quin I couldn't care less what deals these foreign owned companies make if they are worth £100,000,000, likely we see none of it
Dave in Lisburn wrote (520 days ago):
Open your eyes you two! 600 people joined the dole queues last month, 30 people have lost their jobs in a call centre in the North West and those two are going for column inches making it look like they are doing something! You should go and vote for them now seeing they are doing so much for the economy. I know any business is good, especially for small businesses, but let's not blow the magnitude of this out of proportion. How many well paying jobs will this create?
Emma in Belfast wrote (521 days ago):
I think any new business is newsworthy in the current climate, especially for small businesses. Finally our government here in Northern Ireland has started to look at the big picture and realise the need to promote Northern Ireland as a viable business link. I'd rather they go to China than argue about Parades Commissions!
Chris in Belfast wrote (521 days ago):
How many other locally based companies from NI can you name with such deals? the fact they have finally got their finger out and bothered trying to build relations with one of the worlds largest economies is nothing but good news, all publicity for companies such as wright bus or fivemiletown creamery as well as others now entering Asia means good news, considering we cant rely on big companies when the pinch comes
dave in lisburn wrote (521 days ago):
Was a tiny £1m contract for a firm here worth sending our 2 'leaders' to China? I'm surprised a £1m contract is even newsworthy
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