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Howco Group receives £7.5 million investment

25 Mar 2014
Howco Group has received a £7.5 million investment which will pave the way for the company to create many new jobs.

The oil and gas firm will take on 67 employees at its Ayrshire engineering division, supported by the money from Japanese parent company Sumitomo.

The company is also receiving a £750,000 grant from Scottish Government agency Scottish Enterprise.

The investment will have a big impact on the industry and the area in the coming years and First Minister Alex Salmond announced a further £1.7 million package of funds to support jobs and regeneration in Irvine and its surrounding area.