A Peacocks store in Cardiff

2012 review: A year in Welsh business

Our Business Correspondent looks at 12 months that began with the collapse of a Welsh retailer, but end with signs of confidence returning.

An Airbus A380 aircraft

Airbus finds a fix for faulty wings

Aeroplane giant Airbus says it has found a fix for the problem it has had with the wings it makes at Broughton in Flintshire.

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We must 'rebuild manufacturing'

On his visit to Airbus in Broughton and JCB Transmissions in Wrexham, the Secretary of State for Wales will be emphasising the importance of manufacturing to the economy.

The companies I am visiting today are centres of manufacturing excellence and are key employers in North Wales. Their successes reinforce how important it is to rebalance and rebuild manufacturing and engineering in Britain.

While Airbus and JCB are experiencing success at home and abroad, we are under no illusions about some of the challenges experience by other manufacturers in Wales.

– David Jones, Secretary of State for Wales

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High profile visit to highlight importance of manufacturing to Wales

Airbus sign
Airbus in Broughton employs over 6,000 workers Credit: PA Wire

The Secretary of State for Wales, David Jones, will tour the wing assembly plant at Airbus and meet the graduates and employees taking part in one of the UK's largest apprenticeship programmes.

He'll go on to visit JCB Transmissions in Wrexham where the focus will be on the contribution the site makes to the research, development and manufacturing of JCB products worldwide.

A new order for Airbus

Airbus factory in Broughton Credit: ITV Wales News

Aircraft maker Airbus has announced a firm order for 10 A350 extra wide body jets. The firm employs thousands of workers at its site in Broughton in north Wales. Transportation finance firm CIT is buying the aircraft.

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Welsh Government Ministers welcome new contract secured by Airbus

Airbus has been given anchor company status by the Welsh Government in recognition of its strategic importance to the Welsh economy. Credit: ITV News Wales

First Minister Carwyn Jones and Business Minister Edwina Hart have welcomed the announcement by Airbus today that it has secured a $9bn (£5.5bn) order for 100 A320 planes from AirAsia.

The wings for the A320 series are made at the company’s Broughton facility in Flintshire and AirAsias's order for 64 of the A320neo and 36 of the A320ceo aircraft will safeguard 1,500 Airbus jobs in the UK and 7,500 in its supply chain.

First Minister Carwyn Jones said:

"This is excellent news and another important boost for the Airbus Broughton facility...I would like to congratulate Airbus on securing this significant contract that will safeguard hundreds of well paid high quality jobs in North Wales.”

Business Minister Edwina Hart said:

"This is another vote of confidence in the skilled workforce at Broughton and great news for Wales... Wales makes a significant contribution to the UK aerospace industry and punches well above its weight"

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