THE home of a new venture by a Dysart-based firm was officially opened by Scottish enterprise minister, Fergus Ewing, this week.
Yellow Jacket Europe is the result of a joint venture between local company, Ten 47 and Los Angeles based Yellow Jacket Inc and has new premises in Frances Industrial Park, Dysart.
Established by Keith Gordon and Douglas Fury in 2001, Ten 47 assembles and distributes electrical connectors for use in harsh environments.
The firm currently operates in the entertainment, rail, temporary power and utilities market in the US, Europe and the Middle East, and has been the UK distributor for Yellow Jacket Inc’s range of cable protectors for four years.
With Scottish Enterprise support, the company have established this new project which will manufacture, under licence, a range of products which it currently distributes from the American manufacturer.
The facility will create 10 new jobs.
Mr Ewing said: “Ten 47 is a great example of an ambitious and successful Scottish company that is internationalising their operations with the support of Scottish Enterprise.
“This new project will build on Ten 47’s success over the past decade by increasing the company’s geographic reach and seizing the opportunity to manufacture and export Yellow Jacket products from Fife to markets across Europe.”
The enterprise minister added that the local company will help the Scottish Government meet its targets to increase exports by 50 per cent over the next six years.
Keith Gordon, Yellow Jacket Europe director, said: “We would like to thank the Scottish Government for all their assistance through Scottish Enterprise.
“It is important not only for the new long term jobs and exports, but it will provide a stepping stone to allow us to bring other new jobs and products to Fife in the future.”