are beats good headphones Tees Valley manufacturer Nifco beats the Germans to
Mike Matthews, the firm’s Darlington born boss, said securing the contract to make high tech thermostat housings was a “huge coup” that showed North East engineering was still valued around the world.
He added: “To land this deal we beat some of the biggest names in the business including the Germans. It is a massive vote of confidence in our manufacturing industry.
Follow Business Editor Andy Richardson’s live tweets from Nifco where Chancellor George Osborne will be making a speech and fielding questions from the region’s business leaders
James Ramsbotham, chief executive of the North East Chamber of Commerce, said: “This is fantastic news for Nifco, its workforce and the North East manufacturing sector generally. It is testament to the hard work of everyone associated with this powerhouse of a business that it can win such high value contracts and add Ford to its roster of blue chip global clients.
“Nifco continues to go from strength to strength and long may it continue.”
Mr Osborne said: “Nifco’s continued success along with its new contract with Ford, is fantastic news for the North East?.”
Since Mr Matthews took the helm in 2008, Nifco UK has enjoyed a remarkable transformation from a loss making operation at a run down factory on Yarm Road, Stockton that was under threat of closure, to a 60m turnover business employing more than 500 staff.
By the end of 2018 it expects to have 800 staff and top 100m a year turnover.
The Tees Valley company produces about 25 million plastic parts a month, from door handles to cup holders, for car makers including Nissan, Honda and Jaguar Land Rover.
Last year, it opened its second new factory in three years on Durham Lane, Eaglescliffe. The Ford deal will see Nifco bosses step up plans to construct a third plant.