Plans to create 300 new jobs in the manufacturing sector in Newport have today been welcomed as a sign of confidence in the economy – as the Brexit negotiations get underway.
Spanish train manufacturer ‘Construcciones y Auxiliar de Ferrocarriles’ (CAF) has today (13 July) announced plans to create 300 jobs at a new factory at the former Llanwern steelworks site in Newport where it will build trains and trams for the UK network.
The company has previously supplied trains to the UK from its factories in Spain and looked at more than 100 locations throughout the UK before choosing its Newport location due to is transport links and access to a pool of highly skilled workers.
South Wales East AM, Mohamad Asghar, said:
“This is the kind of investment that signals huge confidence in the Welsh economy as the Brexit negotiations get underway.
“It’s great news for Newport, particularly as it comes at a time when 50 jobs are said to be under threat at Coilcolor.
“It could be the start of a new chapter for the area, with the potential to create hundreds of new jobs not just on site but across the supply chain.”
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