Peter Robinson said: "Denroy has spent the last 40 years building up an unrivalled knowledge in plastics moulding and they should be warmly congratulated on this achievement. This company does the vast majority of its business outside Northern Ireland and is regarded as a world leader in its field.
"I'm delighted to announce this achievement and look forward to hearing how this company, which celebrates its 40th anniversary this year, plans to grow in the future."
Denroy’s chairman, John Rainey, said the accessing of the funds will lead the company into “a new era of co-operation with international partners and research and development organisations”.
“The development of this new process will offer significant advantages in widening the scope for component design, faster production rates and lower energy consumption per component produced. We look forward to the successful conclusion to this project and all it will mean to Denroy.”
