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27/03/2013
70 New Jobs For South Wales
A total of 70 news jobs are to be created in South Wales by packaging firm, Seda.
The company, which manufactures a range of packaging for the food industry, is also safeguarding another 170 jobs at its Blackwood plant.
Seda UK is a subsidiary of the family-owned Italian firm and the company said it had seen sustained year-on-year growth since relocating to Wales. It moved to Wales in 2004.
Over the next five years, the firm will invest £18 in Blackwood, while the Welsh Government will support the company with £5.4m of business finance.
The Blackwood plant produces a range of paper cups, containers and plastic lids for hot and cold drinks and dairy products, as well as folding cartons.
Managing Director, Lorenzo Angelucci, said: "We have seen growth in all business areas and this project is particularly important to meet existing and future contracts."
Mr Angelucci added that the firm had a policy of sourcing locally wherever possible, which would have additional benefits for the local economy.
Economy Minister Edwina Hart said Seda UK had been in competition with other European sites for the investment. She said: "Seda has continued to invest and expand in Wales with support from the Welsh government since it moved here in 2004. It employed 278 at the time of this grant application at its site in Hawtin Park, making a significant contribution to the local economy.
"This new project will safeguard and create a significant number of jobs over the next five years."
The Seda Group, established in Italy in 1964, has 12 manufacturing plants worldwide.
(JP)
The company, which manufactures a range of packaging for the food industry, is also safeguarding another 170 jobs at its Blackwood plant.
Seda UK is a subsidiary of the family-owned Italian firm and the company said it had seen sustained year-on-year growth since relocating to Wales. It moved to Wales in 2004.
Over the next five years, the firm will invest £18 in Blackwood, while the Welsh Government will support the company with £5.4m of business finance.
The Blackwood plant produces a range of paper cups, containers and plastic lids for hot and cold drinks and dairy products, as well as folding cartons.
Managing Director, Lorenzo Angelucci, said: "We have seen growth in all business areas and this project is particularly important to meet existing and future contracts."
Mr Angelucci added that the firm had a policy of sourcing locally wherever possible, which would have additional benefits for the local economy.
Economy Minister Edwina Hart said Seda UK had been in competition with other European sites for the investment. She said: "Seda has continued to invest and expand in Wales with support from the Welsh government since it moved here in 2004. It employed 278 at the time of this grant application at its site in Hawtin Park, making a significant contribution to the local economy.
"This new project will safeguard and create a significant number of jobs over the next five years."
The Seda Group, established in Italy in 1964, has 12 manufacturing plants worldwide.
(JP)
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