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Fast growth company to nearly double workforce [Western Mail (Wales)](Western Mail (Wales) Via Acquire Media NewsEdge) ALMOST 140 jobs are to be created in Swansea by a fast growing OErm which is investing Pounds 1m in the business. Trojan Electronics, which has regularly appeared in the Wales Fast Growth 50 league table, is today starting work on a multimillionpound expansion close to the main arterial route into Swansea. 'e twophased support package from the Welsh Government will enable Trojan to create 138 jobs - almost doubling its workforce in the Swansea area - and marks the latest phase of the regeneration of the former Visteon site. 'e Pounds 2.1m investment by the Welsh Government includes a Pounds 1.5m property development grant to Gracelands Investments Limited, advised by Richard Hayward Properties, for the refurbishment of the 180,000 sq ft Kings Dock Building on Ffordd Amazon oY Fabian Way - and Pounds 625,000 business OEnance to Trojan Electronics towards the bespoke OEtting out of a 156,000 sq ft headquarters within the property. Work starts today on the refurbishment, which will include creating 17,000 sq ft of office space as well as a large production facility, service yard plus parking, landscaping and access roads. It is anticipated that Trojan will take occupation early in 2015. 'e business has undergone a period of rapid growth and currently operates from seven industrial units on two sites in Swansea which are at full capacity. 'e relocation and consolidation of its operations into a single refurbished facility will reduce costs, increase efficiency and provide room for growth. Trojan, which is investing Pounds 1m in plant and equipment and back office systems, has three main areas of activity - it provides a repair and refurbishment service for products returned under warranty to major retailers; operates multichannel ecommerce platforms for blue chip companies and manufactures printed circuit boards for a variety of customers in diYering industries and for various applications. Economy Minister Edwina Hart said: "'is innovative support packsaid: package is a prime example of how the Welsh Government is supporting business growth. 'e refurbished building will create the environment for Trojan Electronics to operate more efficiently while ensuring it has space to expand to meet the projected increased demand for its services. "'e investment is not only creating a signiOEcant number of new jobs in one of our key sectors but also secures the future of the business. I am also delighted that Richard Hayward Properties is refurbishing an important industrial building and bringing it into employment use, helping to regenerate the area and ensuring Trojan Electronics has a sustainable long term future in the region." Trojan ElectronicsOEnance director Malcolm Rash said: "'is is a hugely important step for us and the largest investment made since the company started in 2002. We look forward to reuniting all our operations and staY into one location and gearing up to meet the growing demand for our services in the UK and Europe. "We are very grateful for support from the Welsh Government which enabled this to go ahead and look forward to expanding and creating new jobs in the area, through achieving higher levels of efficiency and proOEtability." South Wales based investor, developer and asset manager Richard Hayward Properties, has a strong track record of delivering largescale commercial properties across the region. Richard Hayward, principal of Richard Hayward Properties, said: "'is is highly signiOEcant news for Wales. "'e letting of this space to Trojan is one of the largest deals completed in the Swansea area in recent years. And, it marks the start of the latest phase of the regeneration of the former Visteon site. "It's fantastic to see that this building will be brought back into use and occupied by an exciting and successful local business that will create so many new jobs." " Trojan Electronics, which had a Pounds 10m turnover in the lastOEnancial year, has identiOEed opportunities for growth particularly in its contract manufacturing activities and its etrading platform as more and more companies OEnd it more cost eYective to outsource their etail activities. 'e company is investing in equipment for handling and storage plant for eYective pick pack and despatch and upgrading its computer systems to cater for increased levels of web based business. Trojan Electronics has developed its own software system and is recognised by eBay as one of the premier full service etailing organisations. (c) 2014 ProQuest Information and Learning Company; All Rights Reserved. |