Dynex Investment Shows Strength of Engineering Sector
News release
30th August 2012
A new £1.8m research and development centre for Dynex Semiconductor in Lincoln is another sign that Greater Lincolnshire’s engineering sector is in rude health.
That’s the view of Ursula Lidbetter MBE, Chair of the Greater Lincolnshire Local Enterprise Partnership (LEP), who recently visited the new facilities.
The £1.8m energy-efficient centre on Doddington Road is part of an £11.25 million investment in ground-breaking technologies and new jobs at Dynex.
The three-year investment programme is creating up to 40 skilled engineering jobs and safeguarding the 315-strong workforce.
“The rapid expansion of the research and development team at Dynex is fabulous news for Greater Lincolnshire as it puts Lincoln on the map as a centre for high-skilled engineering,” said Ursula.
“Upskilling the Greater Lincolnshire workforce is one of the LEP’s key priorities and developments such as these create high-skilled jobs and encourage graduates to stay and work in the region.
“Lincoln has a proud engineering heritage and now it also has a major engineering school at the University of Lincoln for the first time, all of which bodes well for the future of the sector.”
The project has been developed by Dynex in partnership with Zhuzhou CSR Times Electric of China, the majority shareholder of Dynex Power Inc. of Canada.
The Dynex R&D team, which has more than doubled in size from 12 to 32 in the past two years, is busy working on a range of projects designed to create the applications needed to meet the demands of tomorrow’s key energy, transport and industrial sectors, serving a low-carbon society.
“There is no doubt that we are in the midst of a power electronics revolution and that Dynex and CSR Times Electric are well placed to deliver the advanced innovative power products fuelling this revolution and to deliver the future developments in advanced semiconductor components that will be required,” said Dr Paul Taylor, President and Chief Executive Officer of Dynex Semiconductor.
Notes to Editors:
- The Greater Lincolnshire Local Enterprise Partnership is a new body led by the private sector which aims to improve conditions for infrastructure and doing business in the Greater Lincolnshire area.
- One of the first LEPs to be established in the UK, the Greater Lincolnshire LEP covers a large geographical area with a population of over one million and a diverse range of industries, from ports and logistics to farming, tourism and engineering.
- It includes North and North-East Lincolnshire and is controlled by a LEP board made up of leading figures in the public and private sector.
- For more information about the Greater Lincolnshire LEP please contact Ruth Carver or Carolyn Tuscher at the LEP Secretariat on 01522 550515, or visit www.greaterlincolnshirelep.co.uk
- Dynex designs and makes high-power bipolar semiconductors, high-power insulated gate bipolar transistor (IGBT) modules, high-power electronic assemblies and silicon-on-sapphire integrated circuits. Products are used in the fields of electronic power transmission and distribution, renewable energies, the marine, aerospace, electric vehicle and other industries. Integrated circuits are produced for use in the demanding aerospace sector
- Zhuzhou CSR Times Electric Co Ltd is based in the Hunan Province in the People’s Republic of China. The company, which is listed on the Hong Kong Stock Exchange, is involved in the research, development, manufacture and sale of locomotive train power converters, control systems and other train-borne electric systems. It also designs, makes and sells electric components, including power semiconductor devices for rail and non-rail use.
Kate Strawson
Shooting Star PR
01522 528540
kate@shootingstar-pr.co.uk
www.shootingstar-pr.co.uk
t: @shootingstarpr
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