A car parts firm has announced it will create more than 400 manufacturing jobs across the West Midlands over the next four years.
Sertec, which has sites in Coleshill, Warwickshire, and three across Birmingham, and is a major supplier to Jaguar Land Rover, announced the plans yesterday as chancellor George Osborne unveiled its new head office at the Coleshill plant.
The company has seen turnover quadruple to £120m in the last five years, and is set to achieve £130m turnover this financial year while forecasters expect a rise to £200m by 2018.
Sertec recently made a capital investment of around £20m in new equipment, some of which it hopes will be subsidised by the Regional Growth Fund, for which it is currently under consideration.
Sertec managing director Grant Adams, who attributed part of the company’s success to the production increases at JLR, said: “Who would have thought that from when this company was founded 52 years ago, we would employ a thousand people and have a turnover of £135m a year.”
“It’s an incredible success story.”
Sertec confirmed it will start the recruitment process within the next four months.