Welsh Economy Secretary Rebecca at DSEI UK with representatives from Cicor at DSEI UKSweden-based
Cicor Group has entered into a strategic supply agreement with a leading technology company active in the global aerospace and defence industry and has chosen to transfer a significant part of production to its site in Rogerstone, Newport.
The initial five-year contract further strengthens Cicor's market leadership in the European aerospace and defence industry and is expected to increase Cicor’s turnover by a mid-range double-digit million-pound amount. It will increase the proportion of aerospace work at the Newport site from 5% of output to 25%, creating a number of jobs initially, with the potential for more in the future.
Rebecca Evans, the Cabinet Secretary for the Economy, Energy and Planning, met with Cicor at the
DSEI UK event held in London, in September. She said: Cicor’s expansion in Newport is exactly the sort of inward investment we are looking to attract at our international
Investment Summit taking place at the ICC Wales next week.
World-class capabilitiesWales is a dynamic and future-focused nation and we are committed to working with businesses to create the right conditions and opportunity for growth, investment and job creation. We have world-class capabilities in the defence and aerospace sectors and Cicor’s expansion will provide further well-paid jobs for skilled professionals in this high-tech industry.”
Lee Harrhy, head of operations at Cicor in Newport, added: “This investment brings with it new technology and new jobs, increasing the aerospace and defence manufacturing operation here at Newport. It also strengthens Cicor’s position as a leading pan-European aerospace and defence manufacturer for the sector.”