The expansion by Guardian Global Technologies is being supported with £554,000 from the Welsh Government’s Economic Growth Fund and will create 22 new jobs and safeguard another eleven jobs.
Guardian Global Technologies is reconfiguring the design of its two units at Village Farm Industrial Estate in Pyle, to increase available floor space from 25,000 sq ft to 45,000sq.ft. It will allow the company to expand its R&D centre, workshops, machine shops and quality, inspection and test laboratories
Business Minister Edwina Hart said the Economic Growth Fund is proving to be a real catalyst for company growth.
“It is helping Wales create jobs, growth and wealth and providing businesses in Wales with the funding they need to expand at a time when traditional avenues of finance are not available.
“Guardian Global Technologies is another example of a small, smart, made–in-Wales enterprise with a worldwide reach and it’s great news to hear how the Economic Growth Fund is helping their expansion.”
Finance Minister Jane Hutt said:
"Our Budget and the Wales Infrastructure Investment Plan supports Welsh economic growth and jobs. The funding allocated to the successful Economic Growth Fund has given a welcome boost to Welsh businesses and created much needed jobs across Wales."
Iain Maxted, CEO said:
“As a company we reinvest a significant proportion of our profits into the business, particularly in research and development in order to bring new products to the market ahead of our competitors.
“Support from the Economic Growth Fund has therefore been particularly important in accelerating this expansion and enabled us to go ahead with it now to take advantage of new opportunities in the market.”
Finance Director Emyr-Wyn Francis said the expansion, coupled with the purchase of additional equipment, would result in operating efficiencies and enable the company to ramp up production.
The company has seen a 50% growth in turnover year on year over the past four years with its five year business plan forecasting turnover reaching £15-20m by 2015 with the potential to increase staff numbers to around 130. The company has increased its headcount over the last three months by 13 to 82 staff.
The company exports to more than thirty countries around the world, including China and the USA where they have seen rapid growth
Guardian Global Technologies was founded in 2003 and through the on-going development of a number of highly sophisticated key products – many of which are unique to the company – has seen its market share increase significantly.
One of its top sellers is the Addressable Release Tool which is designed to retrieve data acquisition sensors costing upwards of $500,000 and which can become stuck in an oil or gas well , so improving safety and substantially reducing costs.