Coventry automotive supplier, Brose UK has announced a major surge in sales, with turnover rising to almost £200m over the past 12 months.
Brose UK, which produces window regulators and seat structures for a number of global carmakers, has enjoyed a major surge in sales, with turnover rising £43m to £195m.
The Coventry firm has seen its workforce increase by 250 people to 900 employees to cope with demand, and its apprentice and graduate programmes are also continuing to grow.
Managing director of Brose UK, Juergen Zahl explained: “When you look at how much new work we have secured, I think it’s fair to say we’ve taken a far greater proportion of the domestic growth than we first envisaged.
“In the last year alone, we have seen sales increase by 25% to a level that is now the highest in our 30-year history in Coventry.”
He continued: “We produce for Nissan in Sunderland and Toyota in Burnaston. In certain instances, we also supply into Tier 1s like Lear and Johnson Controls.
“Jaguar Land Rover has been a key driver in our expansion and I’m delighted that we will shortly be starting production on a number of new model variants for the Midlands-based carmaker.”
Brose is reportedly the world’s fifth-largest family-owned automotive supplier, employing more than 24,000 employees at 60 locations in 23 countries across the globe.
Group turnover is more than €6bn and one in every two new vehicles worldwide is equipped with at least one Brose product.
The managing director concluded: “Brexit has dominated the news in recent months, but it has been business as usual for us in the short-term, with customer volumes all increasing as planned.
“The Group is firmly committed to Coventry and to ensuring we have the resources, technology and capability to continue to grow in line with the UK automotive sector.
“We will be announcing some exciting investment plans shortly that follow on from the £30m+ factory extension we completed at the start of this year.”