Automotive parts manufacturer ElringKlinger (GB) is on track to double its turnover to £26m and swell headcount by more than 50% by 2016 after announcing a number of strategic appointments.
The Redcar site forms the base for the UK division of the multinational company headquartered in Germany, which announced organic growth of 6.1% and expects revenue growth of up to 9% in 2014 across the group.
The company now employs 160 on Teesside after welcoming 37 new recruits across its specialist divisions, and it plans to recruit upwards of 60 staff within two years.
Ian Malcolm, managing director of ElringKlinger (GB), said: “In 2012 we set out plans to recruit upwards of 60 staff by 2016 and I am delighted to say we are well on target to reach this figure, if not better it, by the end of our 50th year on Teesside.
“We made 25 permanent appointments during 2013 alone and over the next 12 months we will look to support the existing talent within the team here at Redcar whilst continuing to encourage the next generation of young engineering talent into the industry.”
With more than 50 years of automotive management experience between them, Kevin Burton and Mark Holdsworth have joined the UK senior management team to support the group’s global account directors, alongside the UK’s managing director.
The remaining recruits include appointments across all levels of the business – from production operators to engineers.
The company recently set out plans to expand its Redcar factory with a 4,000 sq m site extension to its existing site on Kirkleatham Business Park. Construction work is now well under way to ensure the new building is fully operational early this year, in time to mark the company’s 50th year on Teesside.
Malcolm added: “Our ongoing recruitment drive reflects our current position as a major player in the UK manufacturing industry and as a major supplier to the global automotive sector.
“We are recruiting and we want people in the region to know about the wealth of job opportunities there are with ElringKlinger (GB).”