The firm is investing £2.2m in its North East expansion after securing £250,000 in funding from the Let’s Grow initiative.
Dunlop, established in 1991, has seen rapid growth in recent years, including significant export growth.
The company is now expecting turnover to increase by over 50% with a focus on exports which will treble after the expansion.
Ray Mifsud, managing director, said: “Dunlop BTL Ltd is proud to be a UK manufacturer supplying to some of the world’s most prestigious original equipment manufacturers.
“The grant has enabled us to move to a new level within our industry and we’re now ideally placed to increase our manufacturing capabilities and expand our customer base, not just in the UK, but around the world.
“Our building purchase gives much needed space from which to grow. We can add to our skill set by employing local people and expanding our knowledge. With a globally recognised brand name such as Dunlop the opportunities facing our company are endless.”
Business Durham, the economic development company for County Durham, worked closely with Dunlop, visiting it in Kent to help it put together its grant application.
Peter Rippingale, inward investment manager at Business Durham, added: “We’re delighted to welcome a forward looking member of the engineering and automotive supply chain to the North East.
“We’ve long thought that there are significant opportunities in the North for companies in this sector and Dunlop BTL’s decision bears this out.
“The move will provide logistical advantages and proximity to some of its key customers. Dunlop BTL has been a pleasure to work with and I am sure that it will continue to thrive.”
Simon Allen, Let’s Grow project manager at BE Group, said: “We’re very pleased to be supporting Dunlop BTL to bring much needed, skilled engineering jobs to Consett.
“The Let’s Grow grant is helping to de-risk the significant investment being made by Dunlop BTL and is fundamental to the company’s decision to expand its operation into the North East.”