Growing engineering business Olympus Global is poised to start work on its new £2.7m base in the North East.
Earlier this year, the European automotive component distributor submitted plans to create its new multimillion-pound warehouse distribution facility in Newton Aycliffe, County Durham, which will serve the region’s industrial and automotive industries as well as wider supply chains.
The plans, drawn up by Sunderland architectural and engineering firm Building Design Northern (BDN), will lead to the transformation of brownfield land at Aycliffe Business Park into a 16,000sqft warehouse development with modern office space. The company will break ground on the new facility on October 6.
The company announced the milestone at this year’s North East Automotive Alliance (NEAA) event, which sees organisations from across the whole industry supply chain attend the annual expo held in Sunderland.
Olympus Global is building its second Ƶ warehouse distribution facility (the first in the North East) to directly serve industrial, automotive and wider supply chain companies in northern and Scottish regions.
The site will serve existing international customers including Unipres, Thorn Lighting and Gestamp Tallent, which is based opposite, and is anticipated to ship more than £7m worth of parts and engineering components in the first year of operations alone. The new facility will also create up to 10 new jobs.
Ryan Doyle, director at BDN, said: “Being able to announce the start of construction onsite is fantastic and it’ll be great to start seeing our designs coming out of the ground.
“We have worked closely with Olympus Global right from the start across all requirements to support this major scheme, and our knowledge, industry insight and technical expertise across different architectural and engineering disciplines has proved critical given our client is also based outside the region. The main contractor is ready to go so getting ready to break ground on the site is good news for Olympus Global, the industry and the wider business community too.”
BDN has appointed Hall Construction as principal contractor to deliver the development which also includes ‘green’ features to align with Olympus Global’s commitment to carbon reduction and sustainability.
Keith Rice, managing director at Olympus Global, said: “We are delighted to be breaking ground at Newton Aycliffe as it is a key strategic site for the company, and one which marks a new chapter in our 50-plus year history. We work very closely with the region’s automotive supply chain, so it is also very timely to announce the start of construction date at NEAA’s expo event.
“The North East and County Durham is a prime location providing direct access to main transport routes and proximity to the industry’s big players and cluster locations.
“Our clients are fast-paced organisations that require the highest level of turnaround, dispatch and efficiency, so we’re delighted to be starting construction and making our mark here in the region.”
