Major jobs boost after transatlantic deal
AROUND 100 jobs are set to be created over the next three years near Llanelli after a deal announced this morning(12/2/13).
Hydro Industries, which specialises in the design, manufacture and operation of electro-based water treatment products, has formed a joint venture with T&T, one of the worlds' largest and most successful salvage companies.
The deal will see major job creation at the Llangennech-based firm with products developed and patented in Wales being deployed across the USA.
It was signed in the presence of First Minister Carwyn Jones during the first day of a four day trade mission to San Francisco to promote potential investment in Wales.
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Wayne Preece CEO of Hydro Industries said: "The joint-venture is a genuinely exciting and innovative collaboration.
"We've established ourselves in a short time as leaders and innovators in environmental marine technology and it is a great privilege to work side by side with a market giant such as T&T.
"This new relationship provides a great opportunity to strengthen and develop our technological capabilities and grow the business.
"We are delighted that Hydro Industries is leading the way in forging global networks in an area that is so important to the future of us all.
"During the next three years, this project will create high quality job opportunities for an estimated 100 people, not only within Wales but for Welsh people who have an ambition to work outside the UK in exciting and diverse locations."
Mauricio Garrido, President of T&T Salvage, said: "Essentially what we have here is the fusion of an innovative technological team with an expert, experienced, specialised unit.
"T&T is simply one of the worlds' largest and most successful salvage companies and Hydro will help T&T achieve a technological edge in environmental protection."
The First Minister said: "The Welsh Government is delighted to have worked closely with Hydro Industries in Wales and will continue to support them in their joint venture with T&T Salvage and their continued growth as a company in Wales.
"I welcome this new venture involving two companies that between them have the potential to bring about real environmental benefits through mitigating the damaging effects of disasters, whether they be natural or man-made.
"This agreement today will not only launch Hydro into the US emergency response arena – a truly significant market - but will also generate a good number of high quality jobs in Wales."
Hydro Industries will be supplying some of its highly specialised patent protected products to T&T Salvage and undertake research and development of new bespoke products for T&T Salvage.
T&T Salvage owns and maintains fast response fire fighting systems, inert gas generators, nitrogen generators, ship-to-ship (STS) pumping and lighting systems and diving systems, all transportable by air.