A Turkish company is to set up a £7m factory in Cardiff, creating 38 jobs.  The agreement by HDM Steel Pipe was announced at the start of a two-day trade mission to Turkey led by the deputy prime minister Nick Clegg.



"It's fantastic to be announcing new jobs for the UK and such an impressive set of deals for British businesses, he said.  The visit by Mr Clegg and business minister Michael Fallon is aimed at securing deals worth £500m in total.



Eighteen business leaders were accompanying the ministers on the visit to the Turkish capital Ankara and its largest city Istanbul.  "Turkey is Europe's seventh largest economy and is one of the world's largest markets," said Mr Clegg.



"My main aim this week is to ensure that more UK firms can capitalise on the economic opportunities Turkey offers."  Welsh secretary David Jones said it was a vote of confidence in the skills of workers.



"Wales has a long history and strong reputation in the steel-making industry and this opportunity will allow workers in Wales to share in HDM Steel's growth and success," he said.