£10m automotive paint plant
Brose UK sales have increased by 25% to £195m
Brose UK has received a new £10m investment designed to increase capacity, boosting the industry further following the Brexit vote.
The West Midlands based company, which employs over 900 people at its two plants, is installing a state-of-the-art paint shop that can e-coat more than 3.5m seats every year.
This announcement was made during a high-profile visit by the Group CEO Jürgen Otto and fellow board member Periklis Nassios, who is responsible for the seats division. They viewed the early stages of the paint shop’s construction and met with staff from across the business.
Juergen Zahl, managing director, said: “This is a massive show of faith in Coventry and confirms the group’s intention of giving us the technology and capability we need to take on and successfully deliver higher volumes for our UK customers."
He added: “Having the paint shop in-house means we control our own destiny and can have a much more joined-up approach to assembly. The seat structures are also coated to such a high standard that they would be accepted by all of the major car manufacturers in the world.”
The installation is due to be completed in August and will create an additional 30 jobs at Brose. This will take the total number of people at its factories from about 500 in late 2014 to over 1000 by the end of 2017.
Mr Otto, CEO , said: “Coventry is very special to the Group, as it was one of the first locations to be launched outside of Germany almost 30 years ago. The last decade has seen significant challenges, but the backing and financial support has always been there and our faith is now paying off with significant growth.”
He concluded: “I am delighted to see how passionate everyone is about working at Brose and their desire to continually improve. This investment in Coventry is part of the long-term strategy we pursue as a family company.”
Over the last 12 months, Brose UK sales have increased by 25% to £195m and this has included new contracts to supply seats and window regulars to customers including Jaguar Land Rover, Nissan and Toyota.