A precision engineering company is prepared to create 40 new jobs in North Wales.

Continental Diamond Tool (CDT) in Kinmel Bay has announced plans to create the new roles as part of an expansion plan, which will see them move into a new factory.

The company, which makes diamond-encrusted rotary dressers and grinding wheels, is set to move into a new 30,000-square-foot factory next year.

The new site is 'three times the size' of the current premises on the Tir Llwyd Industrial Estate.

The move will allow the company to 'triple' its production capacity and start producing new products.

The move is being funded by a £4 million investment from the firm's Indiana-based owners, who took over the company six years ago.

CDT supplies a range of manufacturing sectors, including aerospace, automotive, medical, and semiconductors.

More than 60 per cent of the company's products are exported, with customers including 'blue chip' corporations such as Rolls Royce and Tenneco.

As part of the expansion, the company is investing £250,000 in new equipment, which will be funded in part by a £100,000 grant from the UK Shared Prosperity Fund.

Councillor Nigel Smith, Conwy County Borough Council’s cabinet member for sustainable economy, said: "What they do is very impressive, both in terms of the state-of-the-art technology and the high skill employment they provide in Kinmel Bay.

"It’s fantastic that they’re selling their world-leading products to an international market and they have a raft of blue chip customers like Rolls Royce.

"We were delighted to be able to help in securing £100,000 towards the cost of these cutting edge machines.

"With them moving now to larger premises, I’ll be speaking to our team if there is anything more we can do to help them moving forward to help them grow and expand.

"Employment is a key issue in Conwy so we have to foster and support businesses where we can to retain our young people.

"It’s always been a great company and there is now a new momentum under the American ownership and it’s very pleasing to see them invest in Kinmel Bay and that will pay dividends."

Justin Hughes, production manager, said: "In this latest investment we have spent £250,000 on the three machines and it’s well in excess of £1 million just on new equipment in the last two or three years.

"The skill required by the people we have to do that is of the highest order and is just as important as the machine.

"Training and developing those people is just as key as our processes and our high precision machinery so working with the engineering centre at the local college is a big help.

“I am immensely proud of the company’s legacy and the way things are moving forward. "