Wednesday, June 30, 2010

£7.4m in contracts for Ballymena bus firm

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Ballymena bus manufacturer the Wright Group has landed £7.4m in contracts for their innovative new bus models, the company announced on Wednesday.


Ballymena bus manufacturer the Wright Group has landed £7.4m in contracts for their innovative new bus models, the company announced on Wednesday.

Wednesday, 30 June 2010

Wright Group will supply Mistral Group (UK) plc with 60 of its new StreetLite buses in a contract worth £6 million, while it also won a £1.4 million order to deliver 12 vehicles to Isle of Man Transport.

Enterprise Minister Arlene Foster said the new bus was the latest product to be launched as part of the Co Antrim firm's £7 million R&D investment, supported by Invest NI with part funding from the European Regional Development Fund (ERDF).

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Ms Foster praised their commitment to investing in innovation, which she said was securing new business.

"As one of Northern Ireland's most innovative manufacturing firms, The Wright Group recognises the value to be gained by continued investment in product development," the minister said.

"This ethos has been of particular importance over the past 12-18 months as the downturn impacted on global sales.

"Today we are not only able to see the latest cutting edge design to result from recent investments in R&D, we are also able to celebrate the success of these projects for The Wright Group with a £7.4 million order.

"Clearly, the Wright Group's investments in innovation are now bearing fruit and will continue to support the future growth of the company."

The Wright Group said its new product serviced both urban and rural routes and offered more seats than any other vehicle in its class, while it also marked a new level in vehicle quality and innovation.

Wright Group managing director Mark Nodder said: "The assistance and support received from Invest NI have been invaluable in accelerating our plans for new product developments and training.

"Today marks an important milestone for us as we unveil the latest innovation in the product range.

"Building on our recent successes in Hong Kong, Singapore and London, this new addition will add another dimension to our product offering and, as has already been proven with the Mistral Group order, it will support the creation of future export sales."

© UTV News

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