A MAJOR investment boost creating 60 new jobs in Port Talbot has been welcomed by the town’s politicians.
Freudenberg Oil and Gas Technologies is investing £11million consolidating its three sites in Baglan into one manufacturing centre.
As well as creating 60 new jobs, the investment, backed by £3 million business finance from the Welsh Government, will also safeguard around 90 direct jobs.
It will see employment rise from 237 to 297.
Aberavon MP Dr Hywel Francis said it was excellent news.
“Congratulations to the Welsh Government, our local authority and everyone who has made this possible,” he added.
“These are high quality manufacturing jobs which is a big vote of confidence in Port Talbot as a great place to invest for the future.”
Aberavon AM David Rees said: “This investment clearly demonstrates confidence in the existing workforce and in Port Talbot as a town to attract international companies.
“The safeguarding of 90 jobs and the further creation of 60 highly skilled jobs will be a boost for the local economy and demonstrates that Port Talbot can offer a strong manufacturing base with the appropriately skilled workforce.”
The company, part of the technology group Freudenberg, designs, develops and manufactures high integrity sealing solutions for the oil and gas industry globally.
The expansion and investment project will result in the company moving to the former Panasonic factory also on Baglan Industrial Estate. The new location will contain new office accommodation as well as research and development facilities.
The move should be completed by August this year.