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11/04/2013
Wrightbus Invests £15m In Eco-Vehicles
Ballymena company Wrightbus is to invest almost £15m in research and development into low-carbon vehicles.
Enterprise Minister Arlene Foster made the announcement today.
The investment will also go towards a staff training project.
There will be two research and development projects undertaken by the company. The first involves the development of a range of low carbon and lightweight vehicles, while the second relates to developing an electric zero emissions vehicle.
The family-owned company is one of the UK’s leading bus builders and employs about 1,400 staff.
Invest NI has offered £3.9m to support the investment, part funded by the European Regional Development Fund.
Announcing the investment, Minister Foster said: "Wrightbus is an example of a very successful indigenous Northern Ireland business which is focused on exports and growth through innovation.
"This significant investment is just the latest in the company’s history and demonstrates its ongoing commitment to new product development and best practice in manufacturing and business processes.
"Innovation is a key driver of economic success and Wrightbus is an example of what can be achieved through continually focusing on staying ahead of the competition."
The projects are intended to improve the fuel economy of Wrightbus vehicles.
Mark Nodder, Group Managing Director of the Wright Group, said: "We aim, through this investment, to establish Wrightbus as a leading global provider of mass passenger transport with green credentials. Through the training project we will further develop Wrightbus into an innovative, world-class manufacturing facility."
(IT/CD)
Enterprise Minister Arlene Foster made the announcement today.
The investment will also go towards a staff training project.
There will be two research and development projects undertaken by the company. The first involves the development of a range of low carbon and lightweight vehicles, while the second relates to developing an electric zero emissions vehicle.
The family-owned company is one of the UK’s leading bus builders and employs about 1,400 staff.
Invest NI has offered £3.9m to support the investment, part funded by the European Regional Development Fund.
Announcing the investment, Minister Foster said: "Wrightbus is an example of a very successful indigenous Northern Ireland business which is focused on exports and growth through innovation.
"This significant investment is just the latest in the company’s history and demonstrates its ongoing commitment to new product development and best practice in manufacturing and business processes.
"Innovation is a key driver of economic success and Wrightbus is an example of what can be achieved through continually focusing on staying ahead of the competition."
The projects are intended to improve the fuel economy of Wrightbus vehicles.
Mark Nodder, Group Managing Director of the Wright Group, said: "We aim, through this investment, to establish Wrightbus as a leading global provider of mass passenger transport with green credentials. Through the training project we will further develop Wrightbus into an innovative, world-class manufacturing facility."
(IT/CD)
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