Durham-based GT Group has secured a £50m contract to supply Russia's GAZ Group with a gas control systems for a new range of heavy duty diesel engines.
The next five years is set to be characterised by serious growth for the GT group, widely considered to be leaders in their field. GT Group is contracted to manufacture and supply 100,000 of the gas control systems a year at full production to GAZ, and the contract is thought to help the North Eastern company, which currently employs 300 people. Geoff Turnbull, GT Group’s chairman, wants to achieve an ambitious growth programme of increasing its workforce to 500 by 2014.
The two groups have worked together extensively in the past, and the new contract indicates further future collaboration. Having experienced a substantial growth in business over the past twelve months, GT are confident that this growth will continue over the next five years. Mr Turnbull said: “This prestigious contract with Russia’s leading manufacturer will further cement GT Group’s rapid growth and its reputation as one of the principal suppliers of engine brakes and exhaust gas control systems for the heavy duty diesel engine markets.”
“It will also help GT Group achieve its plan to create an additional 200 jobs during the next three years. These will cover a range of disciplines focusing on research, design, manufacture and highly skilled engineers,” he added.
Both groups have in the past worked on Euro 3 standard engines, however the new engines will meet latest Euro 4 and 5 emissions standards and will be produced at a new world-class manufacturing facility in Yaroslavl, in the west of Russia.
“Our primary business objective is to meet the demands of vehicle manufacturers through the quality of our products and our extensive research and development capabilities,” Turnbull added. “GT Group continually strives to improve the efficiency and performance of its products to ensure they deliver the solutions required by the latest and future generation of engines.”