Nifco UK, in Eaglescliffe,
near Stockton, has installed a £750,000 dynamometer to allow it to conduct
detailed tests on its plastic components.
The
investment comes just days after the firm beat rivals from Germany, as well as
Japan and China, to a ten-year deal with Ford, which will create 50 jobs and
see the company make a million parts a year for the car maker’s low emission
engines.
Employing about 500 workers
in the north-east, Nifco UK produces millions of plastic components, from door
handles to cup holders, for customers including Honda, JaguarLandRover and
Sunderland-based Nissan.
Executives claim the
new machinery will allow the company to use an electric motor to study how its
parts affect vehicle engine performances.
Mike Matthews, the
firm’s European operations officer and managing director, said the £750,000 investment
was another sign of Nifco’s “vast” ambitions.
He said: “This is a
significant mark of intent, and will allow us to really understand how
effective our parts are when they are put to the test under a range of
conditions.”
“We have seen major
growth and that’s down to a commitment to excellence in everything we do,” he
said. “Part of that is new equipment, which keeps us at the absolute forefront
when it comes to new and innovative products.
“This dynamometer is
the latest in a long line of investments and one we are sure will generate a
fantastic return,” he concluded.
Nifco UK last year
opened its second factory in less than three years in the region, and Matthews,
a former apprentice who grew up in Darlington’s Branksome area, recently told The Northern Echo he has aims to build a
third plant and increase staff numbers to about 900 in the next four years.
Announcement of the
investment comes days after Nifco UK beat rivals from Germany, Japan and China,
to a 10-year deal with Ford, which will create 50 jobs and see the company make
a million parts a year for the car maker’s low emission engines now being
developed at Ford’s Dunton Research and Engineering Centre in Essex.
The company expects to
hit £75m turnover next year, which Matthews said will be supported by its Ford
deal.
He added: “To land the
Ford deal, we beat some of the biggest names in the business, including the
Germans, so it is a massive vote of confidence in our manufacturing industry.”
“We have ambitions to
keep on growing, and I have no doubt we will achieve that because our region
has the best workforce in the world,” he said.
The firm’s dynamometer
announcement was welcomed by Joe Greenwell, chief executive of the Automotive
Investment Organisation. Greenwell was a former Ford executive and more
recently a JaguarLandRover executive.
He said: “We are glad
to see such a forward thinking company as Nifco increase their competitiveness,
seize business opportunities in the UK automotive market and contribute to
further advancements in the country's powertrain development.
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