Renishaw says it anticipates filling the existing building at Miskin in the next five to seven years, with room still to expand on the site.
It has space to double it's manufacturing capacity, with more space than it will ever need. In order to fund the developments at Miskin, Renishaw has plans to sell off two million square feet to a third party for logistics and a distribution centre.
More top news
Three Welsh billionaires have made this year's Sunday Times Rich List, with Sir Michael Moritz topping the list for the richest in Wales.
A fine end to the weekend, with sunny spells throughout the day. Moving into the start of the week, more bright spells but feeling colder.
Off to the London Marathon today? If so, send us in your pictures.