- 6 updates
The CEO of Llangennech company Hydro Industries, which has signed a business deal with American salvage firm T&T, has described the joint venture as 'genuinely exciting'.
The agreement will see Hydro, a water treatment manufacturer, working in the US emergency response arena.
The Welsh Government says it welcomes the new deal between Llangennech-based company Hydro Industries and US giants T&T Salvage and will 'continue to support them' in their venture.
The agreement is set to create 100 jobs in Wales.
Around 100 new jobs are set to be created in Wales through a joint venture between Llangennech-based company Hydro Industries and US company T&T Salvage.
The deal was sealed during a four-day trade mission in San Francisco, where First Minister Carwyn Jones is leading a delegation of 18 Welsh businesses.
Hydro Industries specialises in the design, manufacture and operation of electro-based water treatment products. The deal will see unique products that have been developed and patented in Wales deployed across the United States market.
More Welsh firms are looking to overseas markets to fill their order books, driven by sluggish demand at home.
Over £13bn of goods are exported from Wales each year, with more than a quarter going to the United States.
Now the First Minister is heading to San Franscisco - the latest stop in a series of 16 trade missions this year designed to promote Wales as a place to invest and Welsh companies abroad.
Our Business Correspondent Carole Green has been to see several Welsh firms whose thirst for overseas business in paying off.
The First Minister arrives in the US today to meet with business, political and academic leaders in San Francisco as part of a four-day trade mission.
Carwyn Jones will lead a delegation of 18 Welsh companies from sectors including life sciences, ICT, and the creative industries in efforts to promote trade and potential inward investment in Wales.