LLANELLI is set to benefit from a major jobs boost after details of a transatlantic venture were announced.
Llangennech-based Hydro Industries, which specialises in the design, manufacture and operation of electro-based water treatment products, has sealed a deal with US outfit T&T Salvage, one of the world's largest and most successful salvage companies.
As a result around 100 new jobs are expected to be created at the Llanelli firm, with products developed and patented in Wales being deployed across the USA.
The news has been hailed by Llanelli MP Nia Griffith, who said: "I was very impressed with the innovative high-tech water purification work that I saw when I visited Hydro Industries.
"I am absolutely delighted that they are now involved in this joint venture with T&T which will bring much-needed jobs to Llangennech.
"I offer my warmest congratulations to all involved in brokering this deal."
CEO of Hydro Industries, Wayne Preece said: "The joint-venture is a genuinely exciting and innovative collaboration.
"During the next three years, this project will create high quality job opportunities for an estimated 100 people, not only within Wales but for Welsh people who have an ambition to work outside the UK in exciting and diverse locations."
Hydro Industries will be supplying some of their highly specialised patent protected products to T&T and will also undertake research and development of new bespoke products for the American company.
The deal was signed in the presence of First Minister Carwyn Jones during the first day of a four day trade mission to San Francisco to promote potential investment in Wales.
Mr Jones said: "The Welsh Government is delighted to have worked closely with Hydro Industries in Wales and will continue to support them in their joint venture with T&T Salvage and their continued growth as a company in Wales.
"I welcome this new venture involving two companies that between them have the potential to bring about real environmental benefits.
"This agreement today will not only launch Hydro into the US emergency response arena — a truly significant market — but will also generate a good number of high quality jobs in Wales."