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 top news
Welsh ironworks of pioneer industrialist John ‘Iron Mad Jack’ Wilkinson takes 'major step' towards regeneration
A nurse from North Wales, who survived cancer, has been nominated for an award for helping patients.
A dry start to the day with heavy rain and strengthening winds arriving this afternoon.