A Lochgelly business is making a £12 million investment to “safeguard jobs in Fife”.
Clas-SiC Wafer Fab is based in the town’s Avenue Industrial Estate and more than 50 employees are based there.
A contribution of £1.9 million from Scottish Enterprise will help them support the delivery of components that conduct electricity to power things such as vehicles and renewable energy systems.
Scottish Enterprise chief executive Adrian Gillespie said: “Clas-SiC is investing for the future confidently in one of the most important global industries.
“The investment will safeguard jobs in Fife, strengthen Scotland's advanced manufacturing base and improve productivity as the business continues to grow in international markets.”
Clas-SiC director and CEO, Jen Walls said that the investment is important as it “helps accelerate our next generation of technology”.
She commented: “The additional capability will strengthen our position on the global stage and improve our ability to meet growing demand in a high growth sector.
“This funding enhances our available capex and maintains our place within the technology leading global supply chain.”
MSP for Cowdenbeath, David Barratt explained that over 90 per cent of the firm’s output is exported around the world, “with applications across sectors including automotive, rail, renewable energy, and aviation”.
“Clas-SiC is a brilliant example of the innovative businesses we have in our constituency and the kind of high-skilled manufacturing jobs we want to see more of,” said Mr Barratt.
The SNP representative was joined by Scottish Government’s economy minister, Stephen Flynn on Tuesday.
Mr Flynn said: “This is a fantastic example of innovation and an ambitious Scottish business driving growth in a competitive global market.
“Scotland is home to one of the largest semiconductor clusters in the UK. Clas-SiC is a fundamental part of this ecosystem and an asset to Scotland’s critical technologies supercluster.
“This supercluster generates £4.5 billion turnover annually for the economy and employs over 11,000 people. The Scottish Government is supporting the industry-led ambition to grow this to £10 billion with an additional 6,600 jobs by 2035.”
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