Tipton firm set for growth as construction starts on new North East site
European automotive component distributor, Olympus Global, which is headquartered in Tipton, is starting work on its new multi-million pound distribution facility in the North East of England.
Ambitious growth plans and a £2.7m investment by the company, based in Great Western Way, plus industrial architectural designs, civil engineering and project management expertise by Building Design Northern (BDN) came together today (Monday October 6) with the start of construction at the 16,000 sq ft Newton Aycliffe site.
Olympus Global, a UK and European-wide distributor of high-quality engineered components, is building its second UK warehouse distribution facility - the first in the North East - to directly serve industrial, automotive and wider supply chain companies in northern and Scottish regions.
The bespoke build - designed, delivered and project managed collectively by architectural and engineering firm BDN, will see prime brownfield land at Aycliffe Business Park in County Durham be fully transformed into a fit-for-purpose scheme with dedicated storage space and modern offices.
The site will facilitate existing international customers including Unipres, Thorn Lighting and Gestamp Tallent, and is anticipated to ship more than £7 million worth of parts and engineering components in the first year of operations alone.
The new facility will create up to 10 new jobs, making a significant contribution to the local economy.
Ryan Doyle, director at Building Design Northern (BDN) which is working on behalf of major UK-wide industrial and commercial clients including Olympus Global, said: "It’ll be great to start seeing our designs coming out of the ground.
“We have worked closely with Olympus Global right from the start across all requirements to support this major scheme, and our knowledge, industry insight and technical expertise across different architectural and engineering disciplines has proved critical given our client is also based outside the region. The main contractor is ready to go so getting ready to break ground on the site is good news for Olympus Global, the industry and the wider business community too.”
BDN has appointed Hall Construction as principal contractor to deliver the development which also includes bespoke ‘green’ features to align with Olympus Global’s commitment to carbon reduction and sustainability.
Olympus Global - a £38m turnover business - supplies engineering fasteners, precision-turned and machined components, castings, aluminium extrusions and forgings to major organisations within the industrial and automotive sectors.
The Newton Aycliffe development will become the company’s fifth site including its head office and distribution centre in Tipton and further facilities in Spain and Hungary.
Keith Rice, managing director at Olympus Global, said: “We are delighted to be breaking ground at Newton Aycliffe as it is a key strategic site for the company, and one which marks a new chapter in our 50-plus year history. We work very closely with the region’s automotive supply chain, so it is also very timely to announce the start of construction date at NEAA’s expo event.
“The North East and County Durham is a prime location providing direct access to main transport routes and proximity to the industry’s big players and cluster locations.
“Our clients are fast-paced organisations that require the highest level of turnaround, dispatch and efficiency, so we’re delighted to be starting construction and making our mark here in the region.”
