UP to 200 jobs are set to be created after an engineering firm signed a £50million contract with Russia’s leading truck builder.
The GT Group, in Peterlee, has landed a deal to supply exhaust gas control systems for a new range of heavy duty diesel engines to the Russian GAZ Group.
The contract will help GT, based at Whitehouse Business Park, achieve its ambitious growth programme and increase its workforce from 300 to 500 in the next three years.
GT has worked for the last four years with GAZ, which is Russia’s largest automotive manufacturer.
The contract will see the firm producing up to 100,000 systems a year.
Group chairman Geoff Turnbull said: “This prestigious contract with Russia’s leading manufacturer will further cement GT Group’s rapid growth and its reputation as one of the principal suppliers of engine brakes and exhaust gas control systems for the heavy duty diesel engine markets.”
“It will also help the group achieve its plan to create an additional 200 jobs during the next three years. These will cover a range of disciplines focusing on research, design, manufacture and highly skilled engineers.”
The new engines will meet the latest Euro 4 and Euro 5 emissions standards and be produced at GAZ’s new world-class manufacturing facility, due to open in September on the outskirts of in Yaroslavl, in central Western Russia.
Geoff is confident GT Group’s substantial growth over the last year is set to continue.
“Our primary business objective is to meet the demands of vehicle manufacturers through the quality of our products and our extensive research and development capabilities,” he said.
“We continually strive to improve the efficiency and performance of our products to ensure they deliver the solutions required by the latest and future generation of engines.”