By Daniel Hunter
Deputy Prime Minister Nick Clegg will today (Tuesday) announce that two multi million dollar deals have been struck between Yorkshire and Korean businesses.
The news comes as part of the Deputy Prime Minister’s trade visit to South Korea and is expected to create and protect hundreds of jobs in the region.
Weir Valves & Controls in Elland have won a £17.5 million contract with KEPCO, Korea to manufacture safety and severe service control valves for nuclear reactors.
Huddersfield-based David Brown Gear Systems (David Brown), a Clyde Blowers owned company, will exclusively supply gearboxes for the world’s largest wind turbines, manufactured by Samsung.
The first order for prototype and demonstrator gears is worth £10 million and is the first detail to be announced of what is a multi million pound long-term partnership agreement.
The Deputy Prime Minister will visit Samsung’s global headquarters in Seoul, South Korea, today to celebrate the company’s deal with David Brown, which is expected to grow over the next ten years, creating hundreds of future jobs in Huddersfield. The visit is part of a three day trade and security visit to South Korea.
David Brown, a leading manufacturer of gear systems, has designed a gearbox for the Samsung Heavy Industries wind turbines which will be the biggest in the world when they are erected off the coast of Methil, Fife, at the end of this year. The deal is also set to generate a significant number of supply chain jobs, many of which will be in Yorkshire and UK-based companies.
The announcement follows investment in David Brown from the government’s Regional Growth Fund, headed up by the Deputy Prime Minister. Nick Clegg visited the Huddersfield factory in October last year to sign the legal contracts that delivered £4.8 million of private sector and government funding from the Regional Growth Fund which will lead to eighty new jobs at the site over the next three to five years.
David Brown is using the funding to extend its reach into the renewable energy market, stepping up production of special gears for wind turbines by creating a wind turbine research and development innovation centre.
“These deals are a fantastic example of the enormous potential for Yorkshire when world-leading British engineering links up with international players," Nick Clegg said speaking from Samsung’s global headquarters in Seoul, South Korea.
“I am in South Korea to unashamedly promote Yorkshire and the UK. Our world class pedigree in the aerospace, automotive, energy, oil and gas sectors means that we have the skills, technologies and supply chain capabilities needed to support Korean companies looking to expand into the European green market.
“Yorkshire businesses like David Brown, Weir Valves & Controls and companies across the UK, have the ambition and appetite to meet this demand and I am determined that the coalition government will do everything it can to support them.”
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