Automotive

Ryobi secures seven-year contract worth in excess of £100 million

Updated on Tuesday 22 December 2020, 5:51 PM

2 Minute Read

Ryobi Aluminum Casting (UK) Ltd has secured a significant new multi-million pound contract with an emerging transmission supplier specializing in electrified drivetrains for the automotive market. Worth almost £15m annually, the deal will see the Carrickfergus manufacturer produce 150,000 clutch and transmission cases per year for new hybrid vehicles commencing 2023.

The announcement was made during a visit to the factory by East Antrim MP Sammy Wilson and Mayor of Mid and East Antrim Councillor Peter Johnston.

Mr Wilson said: “I am delighted with this significant investment in Ryobi, which is rightly regarded as one of Northern Ireland’s top manufacturing firms. I commend all of those at Ryobi for securing this much-sought-after contract which provides a very timely boost for our world-class manufacturing sector in Northern Ireland. This is a great news story for Ryobi, Carrickfergus, Mid and East Antrim, and our country as a whole.”

The Mayor said: “This announcement is a ringing endorsement in Ryobi and Mid and East Antrim. Ryobi is a key member of our Manufacturing Taskforce, and its members continue to work very closely to identify and maximise all opportunities to grow the sector locally. The company is a major employer in our borough and this move will secure approximately 70 highly skilled jobs, moving forward. 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.”

David Watson also expressed gratitude on behalf of all the local directors and employees to Ryobi’s Parent Company in Japan, who financially supported the £12m capital investment required to install state of the art manufacturing processes to produce these new products.

This new business will secure the jobs of around 70 highly skilled people and will run for at least the next 7 years. Ryobi currently employs almost 600 staff, making it one of the largest contributors to the economy in East Antrim.

Ryobi was established in Carrickfergus in 1990 to manufacture aluminum castings for the European automotive industry. Starting from humble beginnings supplying Ford Motor Company, it has grown substantially and now includes VW, Skoda, Peugeot Citroen, Jaguar Land Rover, Magna and Ford within its expanding portfolio.

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