Carrickfergus manufacturer Ryobi Aluminium Casting has secured a significant new multi-million pound contract with an emerging transmission supplier specialising in electrified drivetrains for the automotive market.
Worth almost £15million annually, the deal will see Ryobi Aluminium Casting produce 150,000 clutch and transmission cases per year for new hybrid vehicles commencing 2023, securing the jobs of approximately 70 people.
Commenting on the news, managing director, David Watson said: This is an exciting project which was won against stiff competition from across mainland Europe. Ryobi’s growing reputation in the development of new technically challenging products is what sealed this deal after a lengthy bidding process. This is testament to the knowledge, creativity and skill of our engineers and the confidence our customers have in us to deliver good quality products on time.”
Visiting the factory the Mayor of Mid and East Antrim, Peter Johnston said: “The past year has seen our manufacturers operating in a hugely challenging financial environment. This investment provides hope for our economic recovery in Mid and East Antrim, and I congratulate Ryobi, which continues to demonstrate remarkable innovation, resilience and commitment.”
Established in 1990, Ryobi currently employs almost 600 staff and includes VW, Skoda, Peugeot Citroen, Jaguar Landrover, Magna and Ford within its expanding portfolio.
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