Firm gets £400k funding from Welsh Government

A Penallta-based business has received £400k from Welsh Government to create 25 new jobs within the next 12 to 18 months.

OGM (SW) Limited is hoping to turn its plant into a “world-class plastic injection moulding operation”.

The firm designs and manufactures specialist parts for the electrical, automotive, medical and industrial sectors at its base on Penallta Industrial Estate.

Kevin Jones, site director at OGM (SW) Limited, said: “The £400k funding will allow us to purchase additional injection moulding machines along with robot handling equipment to support additional new business we have secured.”

Mr Jones added: “The coronavirus pandemic has provided us all with unprecedented challenges.

“To help, OGM has designed, developed and manufactured three new products.

“These are designed to help reduce the spread of the virus and adds to the portfolio of products we currently manufacture for medical sectors. It also bolsters our current trade moulding business.”

Welsh economy minister Ken Skates, who announced the £400k funding on Wednesday (June 24), said: “OGM (SW) Limited is an important employer in the region, which has enjoyed strong growth in recent years thanks to the diverse customer base it has developed.

“Today’s announcement will not only be important in helping the company create good-quality jobs but also support the economy locally as we deal with the impact of coronavirus.

“I am delighted the Welsh Government has been able to support OGM, which further demonstrates our determination to pursue prosperity for all and empower all our regions to become more productive.”

Caerphilly’s Senedd Member, Hefin David, welcomed the investment and said: “This is a long-term investment into new machinery, which I’m sure will help the company adapt to a new way of working as we begin to emerge from the difficulties posed by Covid-19.

“The creation of 25 new jobs is a good news story, not just for the company, but for those families and the local economy.”