CM Precision Components Opens New Purpose-built Factory in Downpatrick
Downpatrick-based CM Precision Components Ltd has officially opened its new 16,000 sq ft manufacturing facility at Invest Northern Ireland’s Killough Road Industrial Estate. The advanced engineering firm has invested almost £1 million in the construction project, to expand its production capabilities and meet the growing demands of its customers.
CM Precision Components produces precision machined components for the automotive, materials handling and aerospace sectors. Speaking at a celebration event, Kieran Cooper, Managing Director of CM Precision said:“This is a milestone achievement for us and we are tremendously proud of our new premises. We aim to build on the momentum gained in our target markets in recent years and are committed to building on the existing strengths of the business to expand our customer base and achieve further success in export markets.
Invest NI offered CM Precision over £240,000 of property assistance towards the construction of its new factory. Welcoming the news, Bill Montgomery, Director of Advanced Manufacturing & Engineering, Invest NI, added: “CM Precision’s new factory is an encouraging investment that will support the ongoing growth and development of the business in Downpatrick. Invest NI support has helped CM Precision across a range of areas, including advice on implementing lean manufacturing principles and processes in the new premises to enhance its bottom line.”
CAPTION:
