Published Thursday, 10 July 2014
The jobs will be created over the next two years. (© UTV)
Kilkeel Seafoods, which is based at the town's harbour, is investing £933,000 with support from Invest Northern Ireland's Jobs Fund of £99,000.
The company, which currently employs 140 people, is expanding its operations for wholetail scampi for supply to Whitby Seafoods, its parent company in north Yorkshire.
Daniel Whittle, Managing Director of Kilkeel Seafoods said: "The decision to expand scampi shelling and processing operations in Kilkeel is the outcome of a strategic decision by the group to concentrate resources on supplying existing and potential customers, both retail and foodservice, with scampi sourced from UK and Irish trawlers and processed within our operations, especially here at Kilkeel.
"It's a tremendous endorsement in the consistently high quality of our products and also of the scampi from the North Channel and Irish Sea provided by our network of experienced suppliers."
"The investment being undertaken in our operations in Kilkeel positions us for faster growth within Whitby Seafoods as the group responds to the developing market demand for locally sourced food," he added.
John Hood, Invest NI Food and Tourism Director described the announcement as "a very important boost for the local fishing industry and the wider economy of the County Down coastal region, the centre of a fish processing industry in Northern Ireland."
"Support from the Jobs Fund will leverage almost £500,000 annually in direct salaries and wages of the new employees as well as offering opportunities to a broad range of suppliers including local trawler owners and crews."
© UTV News