Wales

PRV Engineering hopes for more jobs in Pontypool expansion

An engineering company is hoping to create up to 30 new jobs, as part of ongoing expansion.

A relaunch of the construction side of the business at PRV Engineering at New Inn near Pontypool could create the jobs over the next two years.

PRV has already recently created eight jobs and safeguarded seven more after investing £780,000 in new machinery.

The company supplies products and services to industry ranging from the railway, automotive and food sectors.

The Welsh government's economic growth fund contributed £265,000 to the initial expansion.

'Maximise'

PRV, which was founded in 1986 and employs 50 people, provides engineering services across a range of industries.

Managing director Simon Jones bought the company in 2008.

He is now focused on the relaunch of the construction side of the business.

He said: "I'm just relaunching the construction side of the business and if that goes how it used to then I'll need 20 to 30 people."

Mr Jones believes his company has thrived during the tough times of recession due to its customer service, and said he tapped in to government funding at the right time.

He said the machinery investment with help increase competitiveness.

One of the conditions attached to the grant - which came from the £15m government fund - was that PRV created jobs.

The company has achieved a 23% year on year growth over the past two years, with turnover increasing to £3.7 million in 2011.

Business Minister Edwina Hart said: "The Welsh government has made this funding available to enable successful companies like PRV Engineering to maximise business opportunities as they arise and I am pleased to support this expansion."

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