Schrader expects customer base to double by 2015
Following the announcement that TPMS firm Schrader Electronics is to create over 100 jobs following a £29 million investment at the company’s Northern Ireland operations off the back of European funding and securing an OE supply deal for Ford Europe, the firm expects its customer base to double.
Invest Northern Ireland offered Schrader over £5 million of the investment part funded by the European Regional Development Fund (ERDF), towards the investment projects. Of this, £1.9 million will support the expansion of the firm's production facilities, promote growth in the European and Asian markets and create a total of 130 new jobs, all of which will help the company target European and Asian markets. Schrader, which is part of the automotive and industrial division of Tomkins, already employs between 800 and 900 people in Antrim and Carrickfergus.