Council welcomes major investment in Parsons Peebles Generation

Archived news: published on Thursday 24 Jan 2013 by Fife Council

Fife Council’s executive member for Business, Enterprise, Economy & Planning, Councillor Kay Carrington welcomed the news that Rosyth manufacturing business, Parsons Peebles Generation is receiving up to a massive £50 million investment following acquisition by Clyde Blowers Capital, owned by Scottish tycoon, Jim McColl.

Parsons Peebles makes generators and other electrical equipment for heavy industrial users, and has recently concentrated on the oil and gas sector.

Councillor Carrington said:  “This is a superb opportunity for the company, Rosyth and Fife’s economy.  The investment by the new owners is very positive and the plans to bring new life into the business and to develop the firm over the next few years to become a global service company in the energy markets, is exciting news. 

“We look forward to working with Parsons Peebles Generation and our economic partners to exploit all opportunities available for local employment and to work with our colleges to make sure that the right skills are in place to meet the needs of the company.”

For more information contact

Ross Mackenzie, Lead Officer (Investment) 
Tel: 03451 55 55 55 + Ext 49 21 78 Fax: 01383 602542 Contact Ross Mackenzie online
By Post: Kingdom House Kingdom Avenue Glenrothes Fife KY7 5LY
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