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McGuinness Mechanical Engineering to create 28 jobs with new £3.5m investment

The Newry firm aims to increase exports by £11m, doubling its workforce significantly.

July 28, 2025 at 05:30 AM

Newry engineering firm set to increase exports to £11m with £3.5m investment

McGuinness Mechanical Engineering aims to reach £11m in exports and double its workforce with new investment.

Newry engineering firm plans £11m export boost with £3.5m investment

McGuinness Mechanical Engineering (MGME) in Newry is set to invest £3.5 million to create 28 new jobs, aiming to double its turnover and increase exports by almost £11 million. The announcement was made by Economy Minister Caoimhe Archibald during her visit to the firm, which specializes in mechanical engineering, heating, and plumbing. This investment will enhance MGME's capabilities to tackle larger projects and boost sales primarily in the Republic of Ireland. With an average salary of £54,250 for the new roles, the initiative is expected to positively impact the local economy, generating an annual wage bill of £1.5 million and an additional £250,000 for the local supply chain.

Key Takeaways

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MGME targets £11m in increased exports with new investment.

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28 new jobs will double workforce and boost productivity.

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Average salary for new roles is set at £54,250.

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The investment aligns with the vision for a balanced regional economy.

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MGME has received 10 years of support from Invest NI.

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Local supply chain expected to benefit by £250,000 annually.

"This £3.5m investment is a transformative step for MGME."

Economy Minister Caoimhe Archibald emphasizes the impact of investment on the company and region.

"We’re excited to make this investment and step into that vision by growing our business."

Thomas McGuinness speaks about the future ambitions following the investment.

"Our ongoing support has helped position MGME to make this investment a reality."

George McKinney of Invest NI highlights the importance of support for local businesses.

The plans announced by MGME reflect a growing trend where local businesses are looking to expand their reach and competitiveness through strategic investments. By targeting growth in the Republic of Ireland, MGME taps into cross-border opportunities that can significantly enhance its market presence. This move could serve as a model for other firms in the region, illustrating how public support combined with private investment can lead to substantial economic benefits. However, this also raises questions about how sustainable such growth will be in a shifting economic landscape.

Highlights

This investment is a transformative step for MGME.
We’re excited to realize our growth strategy in Ireland.
Invest NI has been pivotal in our journey.
Creating high-quality jobs is key for local economies.

Potential economic risks associated with investment

While the investment in MGME presents growth opportunities, it also raises concerns about dependence on external funding and market volatility. A downturn in economic conditions could impact projected growth and job creation.

The success of this investment could pave the way for further regional industrial growth.

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newry mechanicalengineering investni creativeindustry expansion economy business investment

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