Wales is prime location for world-class businesses, says Welsh Secretary
This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government
(Image by Ian Cook, ICJ Photography) Global employers such as Panasonic are leading the way in demonstrating why Wales is a prime location…
(Image by Ian Cook, ICJ Photography)
Global employers such as Panasonic are leading the way in demonstrating why Wales is a prime location to invest and do business, said Welsh Secretary Cheryl Gillan after a visit to the Cardiff plant.
Mrs Gillan was touring the Pentwyn site, which employs 520 staff in four different business units involved in microwave oven manufacture, laptop computer configuration, disc encryption, and television research and development, to see how Panasonic has developed the local workforce to help enhance the its position as a major global manufacturer within European markets.
Mrs. Gillan said: “It is encouraging that major investors like Panasonic are still looking to Wales as an ideal place to invest. We have a highly skilled and committed workforce and employers recognise that we have the knowledge, skills and opportunities to help grow and expand their businesses.
“The manufacturing industry has been the main driver behind continuing private sector growth here in Wales and I am glad to see that despite the tough economic climate that manufacturing continues to be successful.
“It is crucial that we continue to promote Wales as an attractive location for entrepreneurship and trade, with the right level of support for businesses.”
Mr. Tim Onoe (MD of Panasonic Manufacturing UK) said “Panasonic has been operating at its Cardiff site since 1976 and although the nature of the operation has diversified and evolved over the years the key anchors of this location remain the same i.e. a highly motivated and skilled workforce combined with targeted and practical State support. The stated aim of our parent company, Panasonic Corporation, is to become the no.1 “green” innovation company in the electronics industry by introducing innovative products in the coming decade. Our Cardiff operation is ideally placed to support this objective”.
The Budget and Growth Review announced earlier in the year, sets out how the UK Government will help businesses achieve growth through trade and investment, with manufacturing designated as a key sector.
Notes to editors:
The ‘Britain open for Business’ strategy sets out how the UKTI and other partners will develop strategic relationships with venture capital decision makers, strengthen the links between overseas technology clusters and work with delivery partners, such as the Technology Strategy Board in order to stimulate interest and profile the UK as an ideal business destination.
See the ‘Britain open for Business’ strategy here:
Published: 3 June 2011