The company has a global market-leading position in the truck- mounted forklift sector
Machinery company Hiab is creating 100 new jobs in Dundalk amid increasing demand for its truck-mounted forklifts.
Recruitment for the roles, which will add to the 300 staff already employed by Hiab in Louth, will start immediately.
The majority of the positions are for general operators with mechanical skills, as well as support roles in manufacturing engineering, R&D engineering and warehousing.
In addition, the company is investing €50m building new facilities in county Louth. When operational in 2023, the new factory will replace Hiab’s existing Dundalk facilities.
The factory will include the company’s Irish manufacturing operations and a global hub for innovation and research and development, catering for the “rapidly growing” global truck mounted forklift sector, according to a statement from the group.
Hiab is a major provider of on-road load handling equipment, as well as smart and connected solutions.
The Swedish manufacturer has a global market leading position in the truck- mounted forklift sector.
Its products serve a range of industries including construction, waste management, recycling, forestry, fire rescue, agriculture and landscaping.
Rogier van der Linde, senior VP for Truck Mounted Forklifts at Hiab, said: “Hiab’s operation in Dundalk is a key part of the company’s global success story. It has been home to innovation and production of truck-mounted forklifts since 1986.
“It will continue to lead the world in new product development and solutions that ultimately help other business sectors be more effective and efficient in their transportation operations.”
The company is currently experiencing a “remarkable uplift in demand” in Europe and the United States, Mr van der Linde added.
Hiab is part of Cargotec Corporation, which employs approximately 11,500 people globally.
Cargotec's sales were around €3.3bn last year.
The expansion of its presence in Dundalk is supported by the Government through the IDA Ireland.