CSR Corporation Ltd President Changhong Zheng performs the ceremony, watched by Dynex’s Dr Paul Taylor
A Lincoln-based technology company is creating 30 new jobs as it completes work on a £12 million production line.
Dynex Semiconductor, which already employs 295 people in the area, held a ceremony in celebration.
The business hosted a Chinese delegation from its parent company, the Asian train technologists CSR Corporation of China.
A new office block next to its existing factory will be built, housing around 60 workers, who are mainly high technology engineers in the Research & Development Centre.
There’s an opportunity arising for local construction companies, as the building contract is yet to be awarded.
The company’s products are key to a wide range of industries, including rail transportation, electric vehicles, wind power generation, solar power, electric power grids and high voltage power conversion.
These products will be made in Lincoln and also in China. It is expected that CSR Corporation will be a major user of these components for domestic applications in China.
Changhong Zheng, President of CSR Corporation of China, said: “I am very pleased to confirm the construction of this new R&D Centre building for Dynex as tangible evidence of CSR’s confidence in a prosperous future for the semiconductor business in Lincoln.”
Dr Paul Taylor, Dynex President and Chief Executive Officer, said: “It was an honour to welcome Mr Zheng and the distinguished guests to Dynex Semiconductor.
“Their visit marked a key milestone in the development of our semiconductor business towards realising our joint ambition of becoming a leading global high power semiconductor business.”