Northern Ireland business SFM Engineering expands with Bank of Ireland investment.
SFM Engineering, a Keady-based steel fabrication and manufacturing firm, is set to boost its employment numbers as it expands its operations with the support of Bank of Ireland UK.
SFM Engineering has undertaken extensive expansion works at its new 80,000 sq ft headquarters in Keady, which will enable it to grow employee numbers from 60 to 100 as it works to meet ever-increasing demand for its specialist products.
“With the additional capacity, we have an opportunity to double our output and our team. This will provide further skilled jobs right here in Keady, helping us give back to the local community and economy”
The £3.5m investment in the expanded premises has enabled a 100% uplift in production of the company’s specialist products which are manufactured for the material processing equipment industry, suppling companies locally and internationally.
Ambitious future plans
Paul Breen, Managing & Commercial Director, SFM Engineering; Diane McCall, Senior Business Manager, Bank of Ireland UK; and Barry Breen, Technical Director, SFM Engineering
“SMEs play a vital role in our economy from an economic and social development perspective and we are delighted to work closely with SFM Engineering and support them on this next phase of their successful business journey”
“The factory here in Keady has been at the heart of the town for over 60 years and for 50 years before that it was the local railway station,” said Paul Breen, Managing & Commercial Director, SFM Engineering.
“It was important to us that, given the opportunity, SFM Engineering continue that legacy and now this investment will provide greater stability and sustainability.”
“We are proud that products being produced here in Keady are being used in machinery and production processes in Northern Ireland, the UK and as far away as US and Australia.”
Breen said that with the investment in the premises and equipment means the firm can meet the growing demand for its products and services.
“With the additional capacity, we have an opportunity to double our output and our team. This will provide further skilled jobs right here in Keady, helping us give back to the local community and economy.
“Bank of Ireland UK have been beside us throughout our expansion plans, from the planning stages to completing the works and now looking ahead to the future. Not only have they supported us with finance, but the team have taken the time to get to know our business and understand our future plans in terms of growth, export and sustainability, which is really important to us.”
SFM Engineering began their business journey in Keady in 2006 occupying a third of the original factory. In 2019 SFM Engineering purchased the site and simultaneously expanded it from three acres to five acres by purchasing adjoining land.
Growth plans
This allowed for the expansion and refurbishment that you see today, providing SFM Engineering with great foundations for their ambitious development plans, enabling it to align with the growth plans of its customers.
“SMEs play a vital role in our economy from an economic and social development perspective and we are delighted to work closely with SFM Engineering and support them on this next phase of their successful business journey,” said Diane McCall, Senior Business Manager, Bank of Ireland UK
“At Bank of Ireland UK we are privileged to work with some of the best and most innovative businesses across Northern Ireland who trust us to provide the right services and products at the right time to enable them to grow. We do not take their business for granted and recognise the continued commitment, resilience and exceptional work day in and day out that drives their success.”
