The company, which employs more than 100 staff from its base in Cilyrychen Llandybie, exports its nickel, cobalt and iron based powders to customers worldwide, including a cohort of blue chip businesses around the world.
Welsh Government is providing more than £290,000 from its Economy Futures Fund to help future-proof operations at LSN Diffusion, with the company investing £3 million in new facilities and state-of-the-art processes.
The move will see manufacturing capacity expanded to meet increased demand, underpinning existing jobs and creating a further 20 roles.
Philip Allnatt, managing director at LSN Diffusion, said:
“LSN Diffusion growth has been driven through continual investment in R&D usually in close collaboration with high-tech businesses and universities. Demand growth necessitates investment in manufacturing and associated equipment adding high quality employment opportunities. Welsh Government support is most appreciated.”
Economy Minister Ken Skates said:
“It’s fantastic that LSN Diffusion is investing in its future in Ammanford at what is an incredibly challenging time.
“The company is an important employer in the area, and I am delighted we have been able to provide them with this crucial support which will support their plans to expand, create quality employment opportunities and protect other jobs.
“This investment is a show of confidence in the local area and the economy, and I look forward to seeing the company go from strength to strength soar to new heights as a result.”