ElringKlinger clinches £19.5m Ford contract

ElringKlinger clinches £19.5m Ford contract

Teesside-based ElringKlinger (GB) has fought off global competition to secure a major contract with Ford worth £19.5m.

The group sealed the contract after investing over £2m into their new state of the art 400 tonne Servo Press at its Redcar site.

ElringKlinger’s new machinery will see production exceed 900,000 parts per annum and cements the contract for the next five years.

The news follows on from successes announced earlier this year after securing several contracts with Jaguar Land Rover, which saw 20 jobs created and £6m invested in new machinery.

Ian Malcolm, managing director of ElringKlinger (GB), said: “The need to ensure our competiveness was paramount and this investment indicates our commitment to both Ford and to the local economy, supporting and achieving the aggressive growth targets we set ourselves two years ago, and underpinning the recruitment we committed to in 2014 and 2015.

“Our production and technical teams are now trained and in place to support this fantastic business acquisition for ElringKlinger (GB).

“The next target is to grow from around £17m product turnover in 2014 to £40m by 2020.

“We’ve been in business for 51 years on Teesside and have invested heavily in the last 18 months – in our site, facilities and people.

“We plan to build on this and continue to achieve bigger and better things going forwards.”

The company’s most recent technology investment will significantly increase production output and is part of the firm’s ongoing growth strategy, which has seen steady local recruitment since the firm set out plans in 2012 to double turnover to £26m by 2016 – a target which has already been achieved.