The world’s biggest manufacturer of fishing baits has made the decision to locate the UK and European arm of its business to Carmarthenshire, in a move that will provide a considerable boost to the local economy.
Marukyu of Japan, which has been advised on the move by South Wales law firm John Collins and Partners LLP (JCP), has been based at a new prestigious site in Parc Hendre, just outside Ammanford, since the beginning of this month, initially creating around 20 job opportunities, with scope for further employment in the future.
The UK arm of the company is headed up by industry stalwart John Loftus, with backing from brand-expert Christos Papadopoulos and fishery and tackle guru Roy Marlow, and it is set to make a massive impact in the UK market over the coming months.
John Loftus said:
“We’ve identified state-of-the-art premises at Parc Hendre which provides perfect links to the M4 for us to serve all our customers requirements. We’re excited about the move to South Wales, and it is our long-term ambition of establishing a state-of-the-art manufacturing facility within two years, again at a site in Carmarthenshire.
“From what we’ve seen so far we really want to set our exciting venture up in this part of the world and look forward to a long relationship with West Wales Chamber of Commerce and Carmarthenshire County Council both of whom have been outstanding with their help in getting this project underway.”
Marukyu has a very strong ecological and environmental ethos, as its products provide good nutrition for fish, something that is not the case with many types of bait. When used in significant amounts, poorly formulated baits can jeopardise the health and welfare of fish, as well as producing adverse conditions in enclosed bodies of water.
Bruce Burniston, consultant at JCP, who advised on the move, said:
“JCP acted in the formation of the new UK subsidiary company Marukyu (UK) Limited. We’ve worked with John Loftus for many years and we have considerable experience in advising on international agreements covering products for the sports fishing market. We will be providing ongoing commercial and corporate advice to the new Company and property law advice in relation to their new premises in Carmarthenshire.
“The UK move has been a great success for the company so far, and it is fantastic for the economy in South Wales to have an internationally respected business like Marukyu operating from Carmarthenshire.”
This new facility will supplement that of the headquarters building in Okegawa in Japan and their factory in Tianjin, China.
For a further discussion on any area of the law with JCP please call 01792 773 773 or email law@johncollins.co.uk
