A global hi-tech manufacturing business is expanding its operations in Wales by bringing a new research and development facility here.
Purolite International will develop its new centre of excellence at its European headquarters in Llantrisant, with support from the Welsh Government.
The privately owned company specialises in the development and manufacture of ion exchange resins and advanced polymers for life sciences.
Its products are used in a variety of specialised applications such as chemical processing, pharmaceuticals, mining, water purification and food and beverage processing.
The £1m investment, backed by £285,300 business finance from the Welsh Government, will enable a Lifetech centre of excellence to be based at Llantrisant that will focus on biotech applications in the food, pharma and fine chemicals market.
The project will safeguard 16 jobs, create another six PhD level jobs, support the expansion of the site and secure its position as the global centre of excellence for the Purolite Group.
Economy Minister Edwina Hart said: “Purolite has a number of R&D centres around the world and their Llantrisant facility faced strong competition from other global locations for this project.
“The decision to base the Lifetech project here is a mark of confidence in Wales and sends out a strong message that Wales is a first class location for inward investment.
“Purolite operates in one of our key sectors and this latest investment will enable the site to expand its existing capability and R&D capacity, creating and safeguarding high value jobs.”
Last October Purolite secured an £82m finance facility in a deal led by HSBC. The five-year facility extended an existing finance package that was due to terminate in 2014.
The deal to provide the finance facility, which will now run until 2017, was one of the largest corporate transactions in Wales last year.
HSBC acted as co-ordinator on the deal which involves three banks. The transaction was led by HSBC’s West and Wales Corporate Team with support from the bank’s corporate capital origination team in London.
The other banks involved in the deal were PNC Bank and Sovereign (Santander) Bank.
Purolite is the world’s second largest manufacturer and distributor of ion exchange resins. The resins are primarily used in the separation and removal of selected compounds from liquid solutions.
The technology is used in a wide variety of standard and highly-specialised applications including water softening and decontamination, extraction of high-value metals and minerals, sugar manufacturing, and pharmaceutical drug manufacturing.
Founded in 1981 by brothers Stefan and Don Brodie, Purolite International is wholly owned by the US company Brotech Corp (trading as Purolite) which has a global presence that includes more than 5,000 customers in 90 countries.
The business employs 1,000 people worldwide and has research and development facilities in Wales, the US, China, Romania and Russia, plus manufacturing plants in the US, Romania and China.
It already employs 50 staff at its European headquarters at Llantrisant business park.
Original Article: Wales Online