Sixty jobs are to be created at Port Talbot, and 90 more safeguarded, with funding support from the Welsh Government.
3 Apr 2014 04:08 PM
Freudenberg Oil & Gas Technologies is
investing £11m consolidating its three sites in Baglan into one
consolidated manufacturing centre, which with Welsh Government support is
creating 60 jobs
The
investment, backed by £3million business finance from the Welsh
Government, will also safeguard around 90 direct jobs and secure the long term
sustainable future of the business in Wales. It will see employment rise from
237 to 297.
The
company, part of the technology group Freudenberg, designs, develops and
manufactures high integrity sealing solutions for the oil and gas industry
globally.
The
investment has been welcomed by Economy Minister Edwina Hart. She
said:
”This is a major investment by the globally active
German family-owned Freudenberg Group that will not only create 60 highly
skilled, well paid jobs but it will also safeguard 90 others and ensure the
long term sustainability of their operation in Wales. The company makes a major
contribution to the economy, exporting products that are developed here in
Wales, across the world. This investment illustrates the company’s
commitment to Wales and I am pleased the WG is able to support this
expansion.”
The
expansion and investment project will result in Freudenberg Oil & Gas
Technologies moving from three separate sites on Baglan Industrial Estate to
the former Panasonic factory also on Baglan Industrial Estate where it will
occupy 116,000 sq. ft.
Richard T. Schmidt, President and CEO of Freudenberg Oil
& Gas Technologies said:
“The investment in Wales will enable the business
to grow, remain competitive and become more efficient. The investment is
testament to the company’s long-term commitment to Wales while funding
from the Welsh Government was extremely important highlighting its continued
support and enabling this investment to go ahead.”
The
new location will contain new office accommodation as well as R&D
facilities with additional investment in new CNC machinery and R&D
equipment. The move should be completed by August this year.
The Welsh manufacturing base, which employs 237 people locally, is the largest
within Freudenberg Oil & Gas Technologies. The Company has 22 locations in
9 countries serving the global oil and gas industry.
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