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£65m investment for Wrexham aerospace firm creates 50 jobs £65m investment for Wrexham aerospace firm creates 50 jobs
(about 4 hours later)
A £65m investment to expand an aerospace company site in Wrexham has been announced, creating up to 50 jobs.A £65m investment to expand an aerospace company site in Wrexham has been announced, creating up to 50 jobs.
Cytec Aerospace Materials is set to build a new manufacturing facility opposite its existing plant on Wrexham Industrial Estate.Cytec Aerospace Materials is set to build a new manufacturing facility opposite its existing plant on Wrexham Industrial Estate.
The company, which currently employs 230 people, said the new facility would supply EU and Asia-Pacific customers and meet "growing demand globally".The company, which currently employs 230 people, said the new facility would supply EU and Asia-Pacific customers and meet "growing demand globally".
The site expansion has been supported by the Welsh government.The site expansion has been supported by the Welsh government.
President Bill Wood said: "Our investments... are a clear demonstration of our commitment to the industry's growth."President Bill Wood said: "Our investments... are a clear demonstration of our commitment to the industry's growth."
Work on the 7,000sq m extension is due to start in September.Work on the 7,000sq m extension is due to start in September.
The American-owned factory was first set up in 1982 and develops materials for parts of aircraft.