High-tech firm pledges 80 new jobs in Torquay expansion
ENGINEERING firm Elektron Technology has pledged to create 80 jobs with a major new investment in its Torquay base.
The company is to expand its operations in Torquay.
Torbay Council and its economic development company, Torbay Development Agency, have been working with Elektron over the last few months to bring about the investment.
The company says the expansion is creating around 80 well paid, professional jobs for skilled workers.
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The Elektron building in Woodland Road is undergoing a major refurbishment across three floors and 50,000 square feet of light industrial and office space. The project is due for completion in March 2013.
Elektron specialises in producing 'fast-moving engineered products' including precision instruments.
Torbay is already home to seven of its 15 brands, and products are exported to Australia, Japan, Canada, the US and the EU.
Torbay is home to a growing cluster of hi tech companies, which have developed because of the high skills and knowledge in the sector due to the legacy of the Nortel site which was a major electronics company in Torbay until 2002.
Elektron is a member of the Torbay Hi Tech forum, which was set up to build on the strengths of the sector.
Andy MacPherson, Operations Manager at the Torquay site is keen to recruit local skilled people to work at the company and is pleased that 75% of the company’s suppliers are local to the south Devon area.
He said: "We are delighted to be expanding our operations at Elektron. This marks a new exciting phase in the company’s development and I am keen that the local community benefits from our success.
"As a local to South Devon, I am keen to see quality career options for a skilled workforce, and am pleased that Elektron saw this opportunity to invest in Torbay and deliver real benefits to the economy and Elektron itself.”
TDA Investment Development Manager Jason Buck added: "It’s been very exciting to work with Andy and his team to help them put in place their plans for expansion.
"The confidence of such a major investor in one of our key sectors for growth is testament to the competitive advantages offered by Torbay as a business location, and I hope that this move will spearhead other companies to recognise the advantages of locating within a thriving cluster of hi tech companies in the Bay.”
Mayor of Torbay, Gordon Oliver said “I am very pleased to see investment in the hi tech industry taking shape in Torbay.
"It was a pleasure to welcome the chairman and chief executive of this prestigious global brand and to Torbay their confidence is testament to the success of the Hi Tech sector in this area and marks a real achievement in terms of creating new jobs.”