Published Wednesday, 02 July 2014
CDE Global designs and manufactures bespoke industrial washing equipment and is a leading supplier for quarries and mines.
The company employs more than 250 people globally.
The mult-million investment underpins its plan to expand its export reach, and in particular to target markets in North America, Australia, South Africa, Brazil and Europe.
Announcing the jobs on Wednesday, Enterprise Minister Arlene Foster said: "This investment by CDE Global will enable the company to roll out its ambitious export strategy and underpin its position as the world's premier provider of specialist washing systems.
"The 50 new jobs offer employment opportunities across a range of disciplines including engineering design, finance, sales and marketing and are a boost to Co Tyrone and the wider economy. This expansion further builds on CDE Global's sustained growth which has been driven by its focus on product development and export sales."
The minister continued: "I am also delighted to report that Invest NI has surpassed its Programme for Government target for jobs promoted. The agency was set a target by the NI Executive of 25,000 in four years.
"As at the end of May, the agency has promoted 25,543 jobs, 10 months ahead of schedule. This is the fifth of its Programme for Government targets it has delivered against early, testament to the hard work and dedication of the team at Invest NI."
Invest NI has offered £614,000 of support for the 50 new jobs in Cookstown, 14 of which are already in place.
Brendan McGurgan, CDE Global's Managing Director, added: "Our objective is to significantly increase overall turnover and push up our level of exports through targeted marketing activity. In addition to our growth in Cookstown, we plan to establish a local presence in our key target markets supported by our growing network of regional service partners.
"Invest NI's support is essential to enabling us to implement our business plan quickly on the scale we need to achieve our goals."
UUP MLA for Mid-Ulster, Sandra Overend, has welcomed the jobs boost.
"These jobs are a very welcome development in a story of success in Mid-Ulster. I understand that a number of the jobs have already been put in place, and the remaining ones will be delivered shortly," she said.
"This Cookstown success story will help to boost the image of Northern Ireland as a good source of top-class engineering and manufacturing, and a good place to do business."
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