Foster Announces £2m Deal for Edge Innovate in South Africa
The Minister, who is leading an Invest NI trade mission to South Africa, announced the new business during a visit to the Tyrone company’s stand at the Bauma Africa exhibition in Johannesburg.
Edge Innovate specialises in the design and manufacture of mobile machinery such as stackers, conveyors, stockpilers, shredders and trommels for recycling a wide range of materials.
Announcing the contract for Edge Innovate, The Minister said: “This immensely significant business gives this export-focused and innovation-led company a very strong foothold in South Africa and also in other fast developing markets in Sub Saharan Africa.
“South Africa is seen by the Northern Ireland Executive and Invest NI as a market offering substantial business potential for the broadest range of local companies and especially those engaged in the manufacture of machinery for the dynamic industries such as materials handling for quarrying, construction, infrastructure projects and recycling.”
Darragh Cullen, Edge Innovate Managing Director, commenting on the new business, said: “Our deal with a distributor in Johannesburg follows participation in a series of Invest NI missions to explore what we believe will be another extremely significant market for our leading-edge equipment and over expertise in materials handling.
“It has already produced orders for our machinery for projects in South Africa and will lead to business worth over £2 million this year. Our distributor also has a network of contacts that will enable us to access worthwhile business in other markets across the continent which is becoming increasingly important because of extensive investments in development work being undertaken and planned by governments there.”