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McLaughlin welcomes £4.6 million Schrader Electronics investment

28 February, 2008

Sinn Féin Economy Spokesperson, Mitchel McLaughlin MLA (South Antrim) has welcomed the £4.6 million investment in County Antrim Company, Schrader Electronics.

Mitchel McLaughlin said:

"I congratulate Schraeder Electronics on its continued growth. Scrader now employs over 850 people in it plants at Antrim and Carrickfergus and I have every confidence that this company, with its innovative ideas and vision, will expand further in the coming years.

"I attended the reception at the Carrickfergus facility today where Scrader announced a further investment, supported by Invest NI, of £4.6 million for Research & Development and Specialist training.

"Schrader is a world leader in the manufacture of Automotive and Industrial Electronics and commands 40% of the American market for the supply of remote tyre pressure monitoring systems. I wish the management and staff every success and look forward to further expansion announcements and employment for Antrim in the future." ENDS

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