Invest NI helps Antrim company develop and market new product
Tuesday, November 8, 2011
Pneutrol Ireland Ltd (PIL), the Antrim-based automation and process control specialists, has recently secured an order worth €180,000 in the Republic of Ireland, following support from Invest Northern Ireland to develop and market a new product.
The company, which is one of the premier concrete control system providers in Europe, secured the contract to automate an electrical and electronic waste recycling plant in Tullamore, Republic of Ireland.
Earlier this year the company launched the Dynamix Batching Control System. This was the culmination of two years’ research and development supported by Invest NI with funding by the European Regional Development Fund. The innovative new system has been successfully launched in the UK and in the Republic of Ireland and PIL has recently appointed a Belgium distributor as it looks to expand into Europe.
Gregory McPherson, PIL’s Managing Director, said: “Our continued investment in R&D has allowed us to weather the downturn in the construction industry by successfully expanding into other industries such as the animal feed, powder processing and recycling sectors. Invest NI’s support both in helping us develop the Dynamix system and subsequently developing a marketing strategy to drive forward the business has been invaluable and has helped us secure this important contract in Tullamore.”
PIL employs 29 staff and has installed over 1,000 control systems worldwide.
Carol Keery, Invest NI’s Director of Innovation, Research and Technology, said: “PIL’s decision to invest in R&D has enabled it to widen its customer base and protect its long-term viability. Our support has helped it both to develop an innovative new product and to bring it to market.
“This is a good example of a company responding to the downturn in one sector by diversifying into other sectors. By investing in R&D it has also consolidated its position as a leader in its field.”
Focus on FinanceAs part of the range of measures available under Boosting Business, we are holding a Focus on Finance workshop series at locations across Northern Ireland.
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