MEP opens new warehouse extension
COMLINE WAREHOUSE EXTENSION SIGNALS LONG TERM LOCAL INVESTMENT, EUROPEAN GROWTH AND BUSINESS EXPANSION FOR LUTON BASED AUTO PARTS COMPANY
Luton, UK, 17th February 2010 - Comline, leading parts supplier for European, Japanese and Korean cars and vans, is celebrating the culmination of a £200,000 investment plan with the opening of a warehouse extension. This extension will add an extra 20,000 square feet of space and create ten new jobs. Euro MP, Richard Howitt, officially opened the warehouse extension on 12th February.
Comline's marketing director, Malcolm Rosher, commented: "Expanding our warehousing facility like this is really great news for Comline. At a time when the wider automotive industry is being hardest hit, the fact that our business is thriving both in the UK and across Europe is true testament to the hard work put in by our whole team. The 70,000 sq ft of space that we now have will allow us to bring to fruition some exciting development plans and introduce new product lines. Wiper blades have just been launched and proving a great success."
"Our business is growing, our customer base is expanding and by signing up to ten year leases on our new warehousing facility, we are sending out the clearest message yet that Comline is gaining in strength and is rapidly becoming a force to be reckoned with in the European Aftermarket."
The £200,000 investment has bought the company new high spec, floor to ceiling racking for pallet storage, new industrial vehicles such as forklift and electric pallet trucks and new alarm and CCTV systems.
The company has seen rapid expansion and significant business growth since it transferred its Headquarters in 2005 from Wembley. Space occupied has risen from 8,000 sq ft to 70,000 sq ft, employee numbers have grown from 20 to 50 and turnover has increased from £4.6 million in 2005 to £12 million in 2009.
Comline are gearing to double sales again within the next few years.
At the official opening, Euro MP, Richard Howitt, said: "This investment will keep Comline growing in Luton for at least the next ten years. The company's growth will see half of all income coming from trade with Europe in the next three years. At a difficult time for the automotive industry, it is good news that some companies are able to expand and take on new workers."
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