New TES Aviation Group jobs forecast as Japanese invest
Two Japanese firms have invested tens of millions of pounds in a Bridgend-based aviation company which is predicting an extra 70 jobs by 2015.
Mitsubishi Corporation has taken a 35% share of TES Holdings, the parent group of TES Aviation Group, which is based on Waterton Industrial Estate.
Another 25% has been bought by the Development Bank of Japan.
The aircraft maintenance business currently employs 127 people and has a turnover of £63m.
BBC Wales' business correspondent Nick Servini reports.