£1m investment for new MediWales member Biocatalysts
A Nantgarw-based food enzyme maker is investing in new equipment as part of a £1m investment.
Biocatalysts has invested in a new enzyme plant to allow it to significantly increase production as it grows and expands into new markets.
The company employs more than 50 staff and makes enzymes for the food processing and other industries. Its products are used to improve food shelf life and enhance flavour.
The £1m investment has been supported by Barclays.
Stuart West, managing director at Biocatalysts, said: “The business has grown rapidly in recent years and the new enzyme plant will allow us to significantly increase production.
“We now have capacity to produce a substantial percentage of the speciality enzymes that are used to produced processed foods in the USA and EU. This scalability and our expertise allow us to differentiate us from the competition.
“The new equipment will allow us to significantly increase capacity, but we are already in talks with Barclays to support additional investment to further increase capacity by 2015 to meet forecast growth predictions.”
He added the business exports about 80 per cent of its products, with the US being its biggest export market. It has a US subsidiary called Biocatalysts Inc to accommodate the demand.