Welsh parts firm Trax JH Ltd have won a bid to provide a contract for Renault valued at £4 million. The contract will see the Powys based company provide wheel balance weights to be fitted to Renault and Dacia cars.

The company has suffered from the European economic downturn with 70 percent of Trax JH sales coming from exports, most of which are to companies within Europe. The company commented that the new contract is the first of many and that the deal has safeguarded 50 jobs within the business.

Managing director John Halle commented on BBC Radio Wales, that "It took us seven years to get the business, which obviously was a long time.”