A MOTOR parts maker reported a £10million jump in revenue thanks to an increase in Nissan’s European output.
Washington-based Unipres, which has been press-forming automotive components since 1987, upped turnover to £183million in 2012, compared to £173.6million in 2011.
With the plant manufacturing 200 components for each Nissan model, Unipres attributes the revenue rise in revenue to the sustained popularity of the Juke and Qashqai models.
Unipres’s investment of £40million in the Wearside plant last year saw it increase its manufacturing capacity to cater for growing demand.
The new 3,000-tonne press ensures the plant is better equipped to manufacture lighter and safer components destined for Nissan’s latest models, including the recently launched electrically powered Leaf.
Unipres director of finance Graham Baines said: “The increase in Nissan’s sales volumes last year has had a knock-on effect for us, while securing growing business with Honda has been a significant factor in the company’s success.”
With promising financial figures to date, 2013 looks to be an even more challenging year for the manufacturing firm, with the planned release of three new Nissan models including the Leaf, the Invitation and the Qashqai replacement.
Furthermore, Nissan’s plans to manufacture a new model from its luxury Infiniti brand, revealed late last year, mean “the outlook for the future of the company is positive,” said Mr Baines.
“We’re mindful of underlying instability in the European automotive market, but developments based on Renault-Nissan’s new platforms should result in more trade for us,” he said.
“With this in mind, we hope to see employment at Unipres increase over the coming years.”