A MULTIMILLION-pound investment will see 230 jobs created on Wearside.
Transport company Vantec Europe today announced plans to plough £22.5million into new premises at Turbine Business Park in Sunderland.
The investment is the largest made by the company during its 20 years in the North East and is seen as a further boost to the automotive industry in the area.
Sunderland City Council has been working closely with Vantec on its expansion. The new building will complement its existing 148,000 sq ft warehouse in Cherry Blossom Way.
The facility will handle about six million plastic and metal containers containing Nissan car parts each year which will be received from the UK and European supplier base.
Akira Koyama, president of Vantec Corporation, said: “We are delighted to be investing in Sunderland and thank the UK Government for supporting the project through the Regional Growth Fund.
“We would also like to thank Sunderland City Council for all the support we have received in planning this investment in the North East.”
The 43-acre Turbine Business Park, next to the Nissan plant just off the A19, has planning consent for up to 715,000 sq ft of employment space.
Martin Kendall, managing director of Vantec Europe Ltd, said: “This is the largest project Vantec Europe has ever undertaken. We have a long history of working with Nissan in Japan and here in the UK.
“We have been carrying out critical logistics services for Nissan Sunderland plant since 1990.
“The investment in the new warehouse next to the car plant will support our existing warehouse in Sunderland, and will confirm our position as the largest supplier of critical logistics to Nissan’s Sunderland plant.”
The company was awarded £2.7million from the second round of the Regional Development Fund, which will support this project. The new warehouse plays a key role in Vantec’s expansion within the UK, and will create around 230 new posts by 2015. Vantec already employs more than 800 people in the North East.
Councillor Paul Watson, Leader of Sunderland City Council, said: “This is fantastic news for Sunderland and the region. Vantec’s vote of confidence in Sunderland as the automotive hub of the UK mirrors those of Nissan, Lear and SNOP, which have all announced growth plans this year.
“This is turning out to be an outstanding year for investment by automotive companies in Sunderland. We wish Vantec Europe every success with this major new development at Turbine Business Park.”
Kevin Fitzpatrick, Nissan’s Vice President for Manufacturing in the UK, said: “Last year Nissan Sunderland Plant set a new all-time record for car manufacturing in the UK and we are looking forward to manufacturing a new generation of Nissan models for the European market.
“Synchronising the supply of parts into the production line with our customer orders is fundamental to the Nissan Production Way and this added capacity at Vantec will support further growth at the plant.”