Danske Bank Sign Up CTS Projects to Deliver Further Expansion
A Co Down construction technology firm has expanded to create nine new jobs.
Warrenpoint-based CTS Projects Ltd, which specialises in heating systems and energy efficiency solutions for homes, has purchased a 70 acre site in Rostrevor on which to plant, harvest and grow willow as a renewable energy source.
The company, which already employs 50 staff, has also enhanced its exisiting premises at Milltown East industrial estate in Warrenpoint.
The firm said Danske Bank had provided it with a working capital facility and range of financial supports to facilitate its investment.
Founder and managing director Connaire McGreevy said the company had experienced a steady increase in growth in recent years despite the challenging economic climate.
“Throughout the recession we continued to report steady growth, driven largely by our ability to be flexible and adapt to change,” he said.
Mr McGreevy said an increasing demand for its services required the company to make decisions about its future growth.
“As well as recruiting more people in order to meet a growing demand for our service, we knew we would have to invest in expanding our premises,” he said.
Danny Hughes, Danske Bank Business Acquisition Manager, said: “CTS Projects is an excellent example of an indigenous company which has continued to report steady growth throughout the recession as a result of its focus on R&D (research and development) and innovation and its willingness to take risks in diversifying into new areas in the business.
“The firm has reacted quickly to changing market conditions and this has paid dividends in supporting the firm’s growth.”