Hundreds of new jobs could be created in North-East Scotland
after Japanese conglomerate Matsui acquired a 25% stake in an
inverness-based engineering company last week.
The deal, signed between Matsui and family-owned Global Energy
Group, could signal a change in fortune for the Nigg fabrication
yard on Scotland's Cromerty Firth, which has lain dormant for a
number of years.
At its peak, Nigg employed more than 5,000 local people -
serving North Sea oilfields and the associated industries, but as
oil production declined, the yard fell into disuse until its
acquisition by Global Energy Group from KBR last year.