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CastAlum to create new jobs with £5m investment
Welshpool-based CastAlum is significantly expanding production and creating up to 50 jobs with support from the Welsh Government.
The diecasting engineering specialist, which has been based in the town for 20 years, is investing £5m in its facilities. The Welsh Government’s SMART Innovation programme has provided technical support for a number of recent projects with the company and SMART Cymru funding worth £100,000 has been co-invested in new technology. This builds on a long-standing relationship between the Welsh Government and CastAlum.
CastAlum is already an important employer in Welshpool with 116 employees on site and supplies car brands such as Porsche, Mercedes, and BMW. Its expansion plans will see the company installing two new, state-of-the-art manufacturing cells which will increase its production capability considerably.
Peter Radcliffe, chairman of CastAlum, said: “Despite all of the adverse news surrounding the pandemic over the last 12 months we have been working hard to secure long term future business for CastAlum and Welshpool. Our financial supporters have been able to give their assistance towards developing a confident, forward looking future, for our long established plant in Welshpool.
“The new contracts won give us certainty over at least the next five years as we continue to develop the scope of our business into new sales outlets. Alongside the new business we are also developing industry leading technologies to support the quality and application needs of our customers.”
Minister for Economy, Transport and North Wales, Ken Skates, added: “As a government, we want to see our businesses grow, succeed and flourish in an economy that is more prosperous, fair and green than ever before. I am delighted our support is helping to strengthen the business landscape in Welshpool and creating so many highly-skilled jobs at CastAlum.
“Today’s news is a welcome boost to the local economy and a real show of commitment in the workforce and the area. We are committed to supporting Welsh businesses as we rebuild and reconstruct our economy and our support for CastAlum demonstrates that.”