GS Yuasa, which has a production plant in Ebbw Vale, is creating 105 new jobs and protecting a further 360 positions thanks to support from Welsh Government funding of up to £2.5m.
The funding will help the company known to PSI readers for producing batteries for alarm panel and security technology to increase production volumes and upgrade processes so they are more energy efficient.
The Ebbw Vale factory manufactures VRLA standby batteries that are predominantly used in Uninterruptible Power Supply (UPS) systems and other industrial markets. A new assembly line will be installed to produce new Lithium-ion battery modules, with semi-automation of key processes also introduced at our base in Rassau Industrial Estate.
The support, which comes from Welsh Government’s Economic Futures Fund, will be key in creating new employment opportunities and safeguarding the long-term future of the site.
Andrew Taylor, Managing Director and CEO of GS Yuasa Battery Europe, said: “This considerable investment is great news for the continued development and growth of our industrial battery business across Europe. It will help us to safeguard our current workforce of over 360 employees and will also assist us in creating over 100 new local jobs as we expand operations over the next three to five years.
Economy Minister Vaughan Gething said: “GS Yuasa is a hugely important employer in Ebbw Vale and news the business is investing in its future there is to be warmly welcomed. I’m delighted we are supporting the company’s plans and that so many quality employment opportunities will be created.”