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US firm invests but Scottish economy stalls

Category: Scottish Economy — Gary Cain on April 14, 2013

An American firm is to switch its manufacturing plant to Scotland, in a move which could create more than 125 jobs.

Daktari Diagnostics is set to move into the Inverness site at some point through 2014, following talks with Alex Salmond. The first minister will visit New York to speak to company officials during Scotland Week.

A week-long celebration in North America, many firms will be hoping for investment on the back of the drive. Others will continue to push forward with factoring and similar facilities.

Speaking of the Daktari deal, Salmond said:

“Scotland has the most comprehensive national life sciences strategy in the world and the sector continues to go from strength to strength.

“Daktari’s intention to locate its manufacturing base in Scotland is testament to our increasing reputation … as the ideal place to invest and do business.”

Daktari chief executive, Bill Rodriguez, was equally upbeat:

“Inverness, Scotland, offers companies like ours considerable support and a great location, with a highly educated work force and an ability to expand rapidly to support the demand for our new product.”

The facility has been earmarked to mass produce blood testing cartridges, used for HIV monitoring, which are presently in African trials.

The project, supported by the Highlands and Islands Enterprise and Scottish Development International, will cost £12m.

Holyrood will be hoping it will just be the start. The announcement came just hours before The Bank of Scotland suggested the economy is only just growing.

In its latest business monitor, firms apparently reported just a slight rise in turnover for the first quarter of 2013.

'Disclaimer: The information contained in these articles is of a general nature and no assurance of accuracy can be given. It is not a substitute for specific professional advice in your own circumstances. No action should be taken without consulting the detailed legislation or seeking professional advice. Therefore no responsibility for loss occasioned by any person acting or refraining from action as a consequence of the material can be accepted by the authors or the firm.

1 Comment »

  1. Hi,
    I believe this company pulled out of the Inverness deal in May 2013
    and are now looking for a new partner. Would have to wonder why they decided to back out!

    Comment by brian — September 24, 2013 @ 9:44 pm

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