Great news for the Port Talbot and Swansea area as one of China’s largest TV manufacturers announces it is to open a manufacturing centre in Port Talbot.
The new centre has been supported by the Welsh Assembly Government with over half a million in business finance and is expected to bring over 70 jobs to Port Talbot by the end of 2014.
Tongfang (THTF) is investing £1.6m into its new assembly factory on Kenfig Industrial Estate. The company based in Hong Kong has large manufacturing bases in the United States, Malaysia and the Chinese city of Shengyang.
Tongfang (THTF) manufactures TVs, digital TVs and LED backlight modules. Its Seiki brand isone of the leading sellers in the TV market in the United States, where it supplies Amazon and Walmart.
First Minister Carwyn Jones said: “China is a major market with massive inward investment potential and a market Wales has been targeting diligently through business and cultural visits, trade missions, business links and trading agreements.
Philip Jones, director of THTF UK, said: “Tongfang Global already supplies a number of key retailers in the UK from China and having this facility in Wales means we can offer our customers a much better service with shorter lead times.
To find out more about Tongfand (THTF) visit the company website.