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Economy of Derry City

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ss="apple-converted-space"> Neoprene was manufactured at Maydown and subsequently followed by Hypalon. More recently Lycra and Kevlar production units were active. Thanks to a healthy worldwide demand for Kevlar which is made at the plant, the facility recently undertook a £40 million upgrade to expand its global Kevlar production. Du Pont has stated that contributing factors to its continued commitment to Maydown are "low labor costs, excellent communications, and tariff-free, easy access to the Britain and European continent."

In the last 15 years there has been a drive to increase inward investment in the city, more recently concentrating on digital industries. Currently the three largest private-sector employers are American firms. Economic successes have included call centres and a large investment by Seagate, which has operated a factory in the Springtown Industrial Estate since 1993. Seagate currently employs over 1,000 people in the Springtown premises, which produce more than half of the company's total requirement for hard drive read-write heads.

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