Trojan Electronics to double workforce in Swansea move
- 28 July 2014
- From the section South West Wales
A Swansea electronics firm is to almost double its workforce as it moves to a building at the old Visteon factory site in Fabian Way.
A total of 138 jobs will be created by Trojan Electronics, which began with a staff of four in Gorseinon in 2002.
The firm will invest £1m in the move but will receive £1.5m from the Welsh government to go towards turning the Kings Dock building into its new HQ.
The move is expected to be completed early in 2015.
Trojan, which employs 150 people, offers a repair and refurbishment service for products returned under warranty to major retailers.
It also runs multi-channel ecommerce platforms for blue chip companies and manufactures printed circuit boards.
Currently operating from seven industrial units on two city sites, it had a turnover of about £10m in the last financial year.
Finance director Malcolm Rash said: "This 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 staff into one location and gearing up to meet the growing demand for our services in the UK and Europe."
The Welsh government support for the move splits into two phases - a £1.5m property development grant for the refurbishment of the disused building on Fabian Way, and £625,000 business finance for new Trojan HQ.
Business Minister Edwina Hart said: "The 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."
Visteon closed in 2009 when the car parts manufacturer went into administration.