A Chesterfield-based glass recycling company could be about to save 100 jobs at a south Wales glass factory that is set for closure.
Technology specialists Vitrium Holdings are in discussions with Nippon Electric Glass UK (NEG) with a view to a potential acquisition of their site in Cardiff Bay by December.
Vitrium chief executive John Evans said: “We are interested in using the site for our specialist activity once it is vacated by NEG. This would include providing employment opportunities for some members of staff affected by the closure of the NEG operation.”
Evans added: “The site is ideal for us as there are already facilities in place which we can work with. However, talks are still at a very early stage and we would not want to raise people’s hopes unnecessarily at this moment in time.”
The Welsh Office has been involved in the discussions over the site at Ocean Park, but Vitrium has also looked at locations in south Yorkshire, Derbyshire and the north midlands.
The development in south Wales could create an initial 100 jobs, rising to 300 at a later date.