Published Thursday, 10 October 2013
News of the jobs boost has been welcomed. (© Pacemaker)
Terex Corporation, a US multinational, makes a range of mobile materials processing equipment at its factories in Dungannon and Omagh.
It said it expects to employ 260 people in skilled posts as part of a £21.7m investment, on top of its current workforce of 1,100 full time staff.
The announcement comes a day after Omagh engineering firm Telestack created 40 jobs.
Enterprise Minister Arlene Foster said: "Over 300 new jobs is extremely positive news for Tyrone and it will not only benefit the local area but contribute positively towards to the wider Northern Ireland economy."
Terex plans to create the new positions over the next four years and expects them to deliver at least £5.5m annually in additional wages and salaries.
The investment, which was supported by Invest NI, includes £19.2m in buildings and equipment as the company expands its factories and increases research and development.
Kieran Hegarty of Terex Materials Processing, said: "This significant reinvestment in Northern Ireland marks an exciting chapter in Terex Corporation's 13 year history in Co Tyrone and will be a major step in our long term growth plans.
"Our talented and committed workforce has already made a valued contribution to our success to date, and we are confident the local workforce will continue to help drive our company's growth in global markets."
© UTV News