Following a GBP 3 million (€3.9 million) loan from the Welsh Government, Quinn Radiators has announced plans to create 120 new jobs. The Newport-based company operates from the city's Imperial business park and currently employs 290 people. As well as allowing the creation of new jobs, the loan will secure the positions of those who currently work for the company. Quinn Radiators has the capacity to produce 3.5 million domestic radiators annually from its two production lines. It is not known when the new positions will be filled.