Published Tuesday, 04 December 2012
Invest NI supported the move. (© DETI)
Marlborough Engineering, based in the Titanic Quarter, supplies components for a range of industrial sectors including aerospace, power generation and construction.
The company has been offered £406,000 by Invest NI towards the expansion, which it said will allow it to acquire new equipment and target new export markets.
It will also increase its workforce to 100.
Enterprise Minister Arlene Foster said: "Marlborough Engineering is an ambitious, forward-thinking locally owned business with plans to substantially grow over the next few years through a strategic focus on the aerospace and power industries.
"The company is a good example of how local firms can progress by focusing on high-end products and services. Marlborough has already secured new export business and is on track to exceed its sales targets for this financial year.
"The majority of the new jobs created by this investment will pay above the Northern Ireland private sector median, and are the kind of high quality employment opportunities that Invest Northern Ireland seeks to support."
Mark O'Kane, Managing Director of Marlborough Engineering, said the investment will help the firm reach the "ambitious targets" it has set for itself.
The company is progressing through an aggressive five-year expansion plan and is on track to more than double its turnover and quadruple export sales," he continued.
"We have received a range of support from Invest NI in recent years which has helped us to strengthen our management structure, develop our skills and design capability and explore export markets. This latest support will help us to take advantage of new opportunities that we have identified and achieve the ambitious targets we have set ourselves. "
© UTV News