close

July 2020

Electric wiring

Jade Business Park welcomes Sumitomo Electric Wiring Systems – Durham Magazine

Sumitomo Electric Wiring Systems Europe (SEWS-E) is expanding and relocating its workforce from its base at Rainton Bridge, Houghton-le-Spring to a new site at Jade Business Park, near Seaham.

Jade Business Park is a 55 acre employment site off the A19 near Dalton Park and is expected to provide over 1 million square feet of new employment space and over 2,500 jobs.

The park is owned by Durham County Council, managed by Business Durham, the council’s economic development arm and developed by Highbridge Properties PLC.

SEWS-E produces and distributes automotive wiring harnesses, fuse boxes, connectors and cables throughout Europe. With a turnover of over 700 million euros and more than 20,000 employees in Europe, it is part of the Sumitomo family of companies founded in Japan over 400 years ago and present today in 65 country.

The company’s unit is part of the first phase of the Jade Business Park, which will be completed this summer, offering a total of seven new industrial units, equivalent to 155,000 square feet of new space for distribution, technology and advanced manufacturing.

Mike Hall, DC Manager at SEWS-E, said: “We are excited to move into our new location at Jade Business Park in Durham.

“The location and the offer of the site suit us perfectly. It is only 10 kilometers from our old facility that we passed, close to the highway and our main customers.

“Our new building is purpose-built, which allows us to grow and accommodate a number of exciting new projects underway. “

Sarah Slaven, Interim Managing Director of Business Durham, said: “It is a very exciting year for Jade Business Park as we welcome our first tenant SEWS-E, bringing new jobs and economic growth to the region.

“The park is a prime location for businesses wishing to establish themselves in Durham or for their relocation and expansion, thanks to its high quality industrial units and excellent transport links.

“As the economy enters the recovery phase, we continue to help businesses grow and create jobs and look forward to welcoming more businesses into this prominent development in the near future. “

Cllr Simon Henig, Head of Durham County Council, said: “It is more important than ever to support businesses and create new employment opportunities, which is why I am delighted that Jade Business Park has hosted its first tenant. This is an important step in a project that will create a significant number of jobs in County Durham and boost our economy by tens of millions of pounds.

“I am sure Sumitomo will be the first of many companies to make Jade Business Park their home and I would like to wish them the best of luck in their future endeavors.”

Guy Marsden, Director of Highbridge Properties PLC, said: “We are delighted to be working alongside Durham County Council to provide this tremendous opportunity for Jade for the region. Its strength was demonstrated by the pre-lease of 50,000 square feet to Sumitomo during the first phase. Despite the COVID pandemic, there is great interest in the program and other developments at the 55-acre site. “

Jade Business Park was built on the old coal mines and coking plants. It is located in a designated corporate area, with a fare benefit of up to £ 275,000 for occupants.

The development of the new industrial units was made possible by a £ 14million investment from County Durham Council.

Additional support for road and infrastructure works came from the North East Local Business Partnership (LEP North East) and the Highways Agency. It will finance a work program to increase the capacity of the A19 / A182 junctions serving the business park, which will allow future growth.

LEP Nord-Est funding comes from the government’s Local Growth Fund, which supports major investments to promote innovation, economic and skills infrastructure, and sustainable transportation under the Northeast Growth Accord. East.

Helen Golightly, Managing Director of North East LEP, said: “It is really encouraging that SEWS-E has chosen Jade Business Park for its expansion. Being located directly next to the A19 is an attractive proposition, and we look forward to welcoming more high value-added manufacturing companies to the site who can take advantage of its corporate zone status and excellent transport links. transport.

For more information on Jade Business Park visit jadepark.co.uk


Source link

read more