Vantec holds global AGM in Washington

0
Have your say

WEARSIDE car parts firm Vantec has brought the world to Wearside.

The massive warehouse next to the A1231 in Washington has played host to the Vantec Corporation’s global AGM – the first time the meeting has been held outside the group’s Japanese homeland.

Executives from the corporation’s head office in Japan, plus managing directors and CEOs from America, India, China, Mexico, Russia and the Netherlands attended the three-day meeting.

Vantec Europe worked with Sunderland City Council to bring the huge warehouse to the city, and the AGM has been held at the council’s Washington Business Centre, within the Wearside Low Carbon Enterprise Zone.

Managing director of Vantec Europe Martin Kendall said: “Our closeness to Nissan is a key factor in our success. We handle 96 per cent of its logistics activity and services, and employ more than 750 people on the Nissan contract.

“We have a very close relationship with Sunderland City Council. They understand the importance of job creation through business growth.”

The £22.5million, 420,000 sq ft Vantec Europe warehouse opened in 2012 and has created 230 jobs in the last two years.

Vantec Europe, which employs 1,000 staff in the North East, also runs warehousing and logistics operations with Komatsu UK, Birtley and Cummins Engines, Darlington.

The new warehouse played a key role in helping the firm to secure additional business with Nissan in Russia, where Vantec is working in partnership with Moscow-based Major Auto Trans to supply warehousing and logistics to the Japanese car giant’s St Petersburg plant. Sunderland City Council leader, Coun Paul Watson, said: “Vantec in Sunderland is going from strength to strength, and the company’s decision to hold its first AGM outside of Japan in the city 
is a vote of confidence in the Sunderland business, its staff and management.”