Four Israeli companies have announced multi-million-pound investments in Wales that will create up to 100 new jobs.
The announcements came in the wake of a visit by a delegation of Israeli businesses to Wales to celebrate existing Israeli-Welsh trade and investments.
Orbotech, a global leader in semiconductor equipment, confirmed that it will create 30 new R&D roles in Newport at its subsidiary, SPTS Technologies. Sapiens International Corporation, a global supplier of computer software solutions for the insurance industry, said it wants to expand its Cardiff workforce. Amiad Water Systems, a global producer of automatic, self-cleaning water treatment and filtration products and systems, announced Swansea for its first UK base, saying it will create up to 10 jobs this year with plans for further expansion in the future. And Lordan UK, which manufactures high-quality custom-made finned tube heat exchanger coils, announced a £1 million investment into its South Wales facility in Hengoed.
“I am certain ties between the two markets will continue to deepen, a collaboration that will benefit both sides,” said British Ambassador to Israel David Quarrey.
“I am delighted that Wales is proving to be such an attractive location for advanced technology companies from Israel and that we are seeing new investment as well as significant on-going reinvestment,” added Welsh Minister for Economy, Science and Transport Edwina Hart.
[Photo: Orbotech / YouTube ]