Wearside is to play host to the first ever annual general meeting outside Japan for the country’s logistics giant Vantec Corporation.
Vantec Europe has been serving a host of blue chip clients in Sunderland for more than 20 years, but recent successes have put the business firmly under the gaze of the group’s directors.
In 2012 the firm opened a £22.5m, 420,000sqft warehouse on the North East Enterprise Zone at Turbine Park Sunderland, constructed to handle new work from neighbouring Nissan Manufacturing UK.
Vantec Europe worked with Sunderland City Council to bring the huge warehouse to the city.
Now the firm, which employs more than 1,000 people, has been picked to host the group’s AGM, leading to the arrival in the region of executives from Vantec Corporation’s head office in Japan, plus Vantec managing directors and CEOs from America, India, China, Mexico, Russia and the Netherlands.
The three-day AGM is being held at Sunderland City Council’s Washington Business Centre within the Enterprise Zone.
In addition to Vantec, the Enterprise Zone houses workshops and hybrid units for small and start-up businesses, the Future Technology Centre for low carbon vehicle technologies and R&D, and a pub-restaurant.
Vantec Europe Ltd, which has created 230 Sunderland-based jobs in the last two years, also runs warehousing and logistics operations with Komatsu UK, Birtley and Cummins Engines, Darlington.
The success of the new warehouse played a key role in securing additional business with Nissan in Russia, where Vantec is working in partnership with Moscow-based Major Auto Trans to supply warehousing and logistics to the Japanese car giant in St Petersburg.
Managing director Martin Kendall said: “Our closeness to Nissan is a key factor in our success. We handle 96% of its logistics activity and services and employ over 750 people on the Nissan contract.”
“We have a very close relationship with Sunderland City Council. They understand the importance of job creation through business growth.”
Sunderland City Council leader, Coun Paul Watson, added: “Vantec in Sunderland is going from strength to strength and the company’s decision to hold its first AGM outside of Japan in the city is a vote of confidence in the Sunderland business, its staff and management.
“Vantec plays an important role in Sunderland’s growing automotive sector, and we are delighted that the city is being recognised on a global scale by Vantec Corporation’s decision to bring key international players from its worldwide warehousing and logistics business to see what is happening in Sunderland.”