A leading Chinese health and nurtraceutical group is set to open a new European HQ, R&D and manufacturing centre in Wales, creating 38 highly skilled jobs.
Acerchem International, a leading Chinese health and nurtraceutical group with links to Swansea University, is set to establish its new European HQ in Wales.
The news was announced last month by economy secretary Ken Skates during a trade mission to China where he met Acerchem International chairman Frank Chen, strategic director Ms Nancy Wu and global vice president Ken Li at a business reception in Shanghai.
Skates said: “It’s great news that Acerchem International has chosen to set up its European Headquarters in Wales and is to open a manufacturing and Research and Development centre here, creating a significant number of skilled jobs.
“The company has a long standing research collaboration with Swansea University which clearly illustrates the importance of building international academic links with business and industry.
“This investment, which is supported by the Welsh Government, can only serve to strengthen the ties between our two countries. China is an extremely important market for Wales and our trade mission this week builds on the strong economic and cultural links that have been developed over a number of years.”
The investment by Acerchem is backed by £600,000 from the Welsh Government and will create 38 highly skilled, well paid jobs, primarily working in R&D. The company plans to establish its R&D facility in the Institute of Life Science at Swansea University.
Acerchem chairman Frank Chen said: “We very much look forward to building up the business in Wales and developing even closer links with Swansea University.
“Support from the Welsh Government helped fast track this project and was vital in bringing it to Wales and we value the support we have had from Welsh Government officials in Shanghai and in Cardiff.
“Opening this new HQ and R&D centre in Wales marks an exciting new development for the group and a great opportunity to develop and grow the business.”