Vantec Corporation President Akira Koyama celebrated the successful completion of Vantec Europe’s massive new warehouse at the North East Enterprise Zone in Sunderland by painting the second eye of a Daruma doll, signifying the successful conclusion of a major project.
The 421,000 sq ft logistics centre will bring new jobs to the region as part of Vantec’s strategy to increase staff at Sunderland by over 230 in the next five years. Since construction began in May 2012 Vantec Europe has also won three major contracts with global automotive companies.
Akira Koyama, president of Vantec, said: “This is our largest-ever overseas project. The new warehouse is already helping us to secure new contracts and expand our workforce.”
The North East LEP, which manages the North East Enterprise Zone, is delighted with the effective completion of an important development for the automotive sector.
Paul Woolston, chair of the North East LEP said: “It’s great to see Vantec’s new warehouse building open for business on the EZ. The North East, and Sunderland in particular, is already a hugely important area for the UK’s automotive industry. The city’s ambitions are enhanced by this development, and we are working hard alongside the City Council and partners to build on this success by attracting new investors to the region.”
Sunderland City Council leader Paul Watson said: “Vantec’s new warehouse is an ambitious project which echoes our city’s world-class ambitions to be Europe’s automotive hub. The new jobs are the best possible news for the city, the region and the UK.”
Communities Secretary Eric Pickles added: “This is testament to the potential of Enterprise Zones to deliver growth across the country. The government is fostering local enterprise and creating the conditions for businesses like Vantec to further invest and thrive in low tax, low regulation Enterprise Zones.”