People, Places, Business

Cultech Ltd

Cultech Ltd

A hi-tech firm with a formula for success has created 25 jobs after winning a major contract with a high street giant.

Baglan biotechnology company Cultech is producing the Dome Cap range of 22 nutritional supplements for sales in Boots stores across the UK.

New production facilities to support it were backed by the Welsh Government through its Single Investment Fund.

The company saw its turnover increase by £3 million last year to exceed £12 million and it now employs more than 150 people at manufacturing plants in Baglan Industrial Park and Maesteg.

Managing Director Nigel Plummer said the Welsh Government's support had proved crucial.  He added: "We could not have proceeded within some research projects without grant assistance and as a result the company has been able to grow substantially faster than would otherwise have been possible, and we are very grateful for this support."

Mr Plummer said Cultech operated in a highly competitive market but had continued to grow by providing specialist expertise in producing complex formulations in response to demand from its customers.

As a result, it has diversified and moved into new market segments exporting to North America, Europe and the Far East, among others. 

Minister for the Economy and Transport Ieuan Wyn Jones said Cultech was an important player in the healthcare and bioscience sector in Wales.

"It's always good to hear of companies expanding and creating jobs, particularly in the current economic climate," he said.

"Cultech invests a substantial among of revenue on research and development which enables it to develop highly innovative products and processes, which is vital for the long term success of any business."