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Component firm's 125 jobs boost 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.
The money will enable the Doncasters Group Ltd plant in Blaenavon, Torfaen, to undertake work in Wales previously sub-contracted to a special supplier. Doncasters Group Ltd, which already employs 340 workers at Blaenavon, Torfaen will undertake work previously sub-contracted out.
Construction on purpose-built premises will begin in May and will create new and highly-skilled positions. The company said it had considered locating the new factory in Poland.
The company had considered locating the new facility in Poland, it said. Meanwhile, another aerospace firm Saygrove has announced a £25m deal to help secure 70 jobs in Flintshire.
Doncasters currently employs 340 people in south Wales and the components produced there serves the needs of many of the world's leading gas turbine engine makers. 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 JonesThis 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."
The announcement comes just hours after another aerospace company based in Buckley, Flintshire said it would be investing £25m worth of contracts in the region.
Saygrove, which supplies key components to some of the biggest names in international aerospace, say the money will bring job security to its existing workforce and create a number of new highly-skilled posts.