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17m printed circuit factory for Tyneside

TYNESIDE firm Interconnection Systems, of South Shields, is to build a 17 million-plus high-tech factory in North Tyneside and construction work is expected to start next year.

The firm will build a new printed circuit board plant, which is likely to become one of the largest in the world.

Few details of the tendering process are available so far, but it is understood that a series of meetings will be held over the coming weeks to decide on the procurement route.

The Department of Trade and Industry and English Partnerships are to put up 17 million towards the project, which will create an extra 1,000 jobs and safeguard a further 350.