Vince Cable, the secretary of State for Business, Innovation and Skills, celebrated the £15 million investment in a Ryedale business during a whistlestop tour of the district.
The Liberal Democrat MP spoke to employees and guests as he officially opened Rosti McKechnie’s new paint processing facility at its base in Upper Carr Road, Pickering, on Monday morning.
The expansion means the company, which makes precision injection moulded products for companies such as Heineken and Diageo, will now be able to employ a further 250 people at its site.
It also means a boom for young engineers in the area with Derwent Training Association currently training 16 of Rosti’s apprentices to work at its offices in Pickering and Stamford Bridge.
John Brockett, general manager of Derwent Training Association, said: “Rosti are one of the largest employers in Ryedale and they recognise the need to invest in the development of young people in North Yorkshire, to aid their continued business expansion.”
During his tour of Ryedale, Mr Cable paid a visit to Kirkbymoorside-based Marshall Advanced Composites which designs and manufactures structural products for the aerospace and defence industries.
He also stopped by at Forum Subsea Technologies, also of Kirkbymoorside, whose employees build remote operating vehicles for the oil industry as well as rescue vehicles and submarines.