Packaging firm Essentra is set to bolster its operations in Newport, UK, which create 70 additional jobs.
The packaging firm operates a facility in Imperial Park on Celtic Way.
The expansion will double the employee count to more than 100 when it acquires a site more than 225,000ft² in area adjacent to the existing facility.
This plan is being supported by a £143,000 grant from the Welsh Government.
The company opened the facility in last November.
According to Essentra, expansion of the facility will enable it to provide 'an extensive range of customer requirements with state-of-the-art equipment', reported BBC.
Welsh Government Business Minister Edwina Hart said: "It is a strong commitment to Wales and a great endorsement of what we can offer companies looking to expand, illustrating yet again that Wales is a great business location for life science companies."
Essentra Europe managing director Hugh Ross said: "As a global leading provider of specialist pharmaceutical, health and personal care and consumer goods packaging, Essentra's objective is to remain at the forefront of these industries, in terms of continuing to provide our customers with a comprehensive product offering, compelling value proposition and excellent customer service.
"Our further substantial additional investment in Newport will extend the capability and capacity of the existing site, as a centre of excellence for the manufacture and future development of our extensive range of innovative packaging, and will ensure that we are optimally positioned to continue to meet the exacting requirements of our customers."
Essentra has 69 manufacturing facilities, 64 sales and distribution operations and five research and development centres in more than 30 countries.
Image: Essentra provides packaging solutions for consumer goods and healthcare industries. Photo: courtesy of adamr / FreeDigitalPhotos.net.