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Jobs boost for Welshpool

Created on 17/08/2011 @ 12:12
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Welshpool has received a timely jobs boost with the news that Cobra UK has secured two multi-million pound contracts which could create up to 50 jobs.
The firm has landed a double contract to supply innovative boot floors to General Motors and specialist car maker Fiskar totalling £20million. The new jobs are expected to be spread over its two sites at Welshpool and Whitchurch.
The two contracts total £20million and could result in the company taking on the extra employees at its two sites. The special floors are considerably lighter than rival products and help boost a car’s efficiency and cut emissions.
The success is the latest stage in a turnaround for the car parts company which saw its order book shrink by 90 per cent after the economic downturn struck.
Gary Seale, managing director of Cobra UK, put the achievement down to investment in its research and development facilities, and said: “It has taken nearly three years to develop and bring to market, but we are now in a position where we have a product that offers significant cost and performance benefits that many global customers are crying out for.”
The company has grown from a turnover of just £300,000, and has also won a £56m contract to supply the car industry in Thailand, Brazil and Indonesia.
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