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Aerospace firm creates 125 jobs | |
(about 1 hour later) | |
A firm which makes parts for the aerospace and gas turbine industries has announced a £16m investment at its site in south Wales, creating 125 jobs. | A firm which makes parts for the aerospace and gas turbine industries has announced a £16m investment at its site in south Wales, creating 125 jobs. |
Doncasters Group Ltd, which already employs 340 workers at Blaenavon, Torfaen will undertake work previously sub-contracted out. | |
The company said it had considered locating the new factory in Poland. | |
Meanwhile, another aerospace firm Saygrove has announced a £25m deal to help secure 70 jobs in Flintshire. | |
The company, based in Buckley, supplies key components to a number of international companies. | |
It says the £25m contract will ensure job security for its existing 70 employees for the next five years. | |
The announcement by the Doncasters Group was made at the Aerolink Wales 2008 event, which is showcasing the Welsh aerospace industry in Cardiff. Construction on purpose-built premises will begin in May. | |
Doncasters already employs 340 people in Blaenavon, making components for many of the world's leading gas turbine engine makers. | |
Eric J Lewis, chief executive of Doncasters, said: "We have facilities around the world but are particularly proud of our south Wales facility at Blaenavon, which has become the group's forging centre of excellence." | Eric J Lewis, chief executive of Doncasters, said: "We have facilities around the world but are particularly proud of our south Wales facility at Blaenavon, which has become the group's forging centre of excellence." |
This latest investment in the aerospace sector by this world-class company is a clear demonstration of the quality of the Welsh workforce Deputy First Minister Ieuan Wyn Jones | This latest investment in the aerospace sector by this world-class company is a clear demonstration of the quality of the Welsh workforce Deputy First Minister Ieuan Wyn Jones |
The project, which is being supported by the Welsh Assembly Government, is in addition to a previous investment of £4m for the development of the company's engine-ready components strategy. | The project, which is being supported by the Welsh Assembly Government, is in addition to a previous investment of £4m for the development of the company's engine-ready components strategy. |
Deputy First Minister Ieuan Wyn Jones said the development of the plant had made it an important local employer and a flagship for the engineering sector in Wales as a whole. | Deputy First Minister Ieuan Wyn Jones said the development of the plant had made it an important local employer and a flagship for the engineering sector in Wales as a whole. |
"The aerospace industry plays a vital role in the Welsh economy, with more than 180 companies employing over 25,000 people," he said. | "The aerospace industry plays a vital role in the Welsh economy, with more than 180 companies employing over 25,000 people," he said. |
"This latest investment in the aerospace sector by this world-class company is a clear demonstration of the quality of the Welsh workforce and the reputation of Wales as a place to do high quality and highly skilled business." | "This latest investment in the aerospace sector by this world-class company is a clear demonstration of the quality of the Welsh workforce and the reputation of Wales as a place to do high quality and highly skilled business." |