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Harris Pye is to expand its Barry-based marine repairs business with a new 19-acre site in Llandow next spring, with two 46,000 sq ft aircraft hangars being refurbished for fabrication and storage.
Harris Pye is considering plans to relocate the headquarters of its marine engineering business from Barry to Swansea, and will invest a further £2m at the dry docks.
Harris Pye has won a contract to refit a Saga cruise ship at Swansea Dry Dock, which could create 300 new jobs.
Harris Pye Group, the Barry-based industrial boilers repair company with annual turnover of £35m, has undergone a management buy-out for undisclosed terms.