Wednesday, September 29, 1999 Published at 16:45 GMT 17:45 UK
New jobs for valley factory site
When Lucas SEI closed earlier this year 700 jobs were lost
A total of 250 jobs are to be created at a south Wales factory which closed with the loss of 700 jobs.
A Newport-based company has been revealed as the buyer of the Lucas plant at Ystradgynlais.
Lyte-Industries Ltd ,which makes ladders and "access systems" will employ 250 people there.
Since then, the search has been on for new investment a search that has ended with the announcement from Lyte Industries Ltd.
The site will become its new manufacturing base, replacing its exisiting headquarters in Newport which the company says it has outgrown.
Some staff from Newport are expected to transfer from there but the move should create around 200 new jobs in the Swansea Valley.
National Assembly Economic Development Secretary Rhodri Morgan said the news was welcome.
"Lyte Industries is an ambitious company with expansion plans for the future and its growth could not have been realised at Newport because the company had outgrown its site there,
"The firm plans to significantly increase its turnover through the introduction of new product lines and new export markets," he added.