First Minister announces new investment for Pencoed
On a visit to Sony’s headquarters in Japan today First Minister Carwyn Jones announced the Welsh Government is supporting the development of a new Digital Media Content Management division at its site in Pencoed, which will lead to thirty new jobs.
The £1.1m investment in new digitisation technology at Sony UK Technology Centre (UKTEC) is supported by repayable finance from the Welsh Government which helped secure the project for Pencoed.
The new business takes advantage of the move from analogue to digital content and will convert customers’ video and media content to a digital format to meet the global demand for content that can be published across a growing range of platforms.
The First Minister said: “Sony UKTEC, one of our anchor companies, makes a significant contribution to the Welsh economy and it’s great news that it is expanding and diversifying and I am delighted that Welsh Government support helped secure this investment for Pencoed.
“It is yet another example of how the senior management team continues to bring new business to the facility, adding yet another string to its bow. The investment will introduce new technology to the site, extend its capability and create a new income stream while also providing opportunities for further growth.
“It will not only create new jobs for the area but help secure its long term sustainable future providing a service to customers around the world.”