Ford's Bridgend Engine Plant is to benefit from an investment of £181 million, which will be used to produce a host of all new, technologically advanced, fuel-efficient petrol engines.
The investment into the factory, which is located in South-Wales, includes Welsh Government support of £14.67 million and has been welcomed by Economy minister for Wales, Edwina Hart, who commented: "Ford is a Welsh Anchor Company and the Bridgend Engine Plant plays a key role in the economy of South Wales. In a climate of stiff global competitiveness, we have been actively seeking to win a share of this investment for Wales and so we are delighted with this announcement."
She continued: "Ford's decision to manufacture its new innovative engine here in Wales is a tribute to the reputation of the local management team and the quality and loyalty of the Welsh workforce and will safeguard more than 750 skilled Welsh jobs for many years."
The all-new engine family was developed by teams from the Ford Dunton Technical Centre in Essex, the Ford Technical Centre in Merkenich, Germany, and Ford's Research and Innovation Centre in Aachen, Germany.