Clogher Valley Precision engineers parts used in the manufacture of forklifts, container lifting machines, quarry equipment, agricultural equipment and the marine industry.
The company used a £50,000 loan to purchase a new automated machining tool to produce complex components and reduce manufacturing times.
David Gill, Director at Clogher Valley Precision, said:
For over 15 years we have produced parts for various companies across Ireland such as Combilift in Monaghan. The loan has enabled us to purchase new machinery to help increase production capacity and efficiency. It complements our existing automated machines and allows our workforce to utilise the most up-to-date technologies.
15 years ago Community Finance Ireland (formerly UCIT) provided a loan to help create our local community centre and that has been a key lifeline for many in the area.
Support for SMEs is equally important and this loan will help ensure our business is equipped for future growth.”
Business Start Up Cost
Expansion or Growth Finance
New Product or Market Development
New Asset Purchases