Unipart Extends Its International Footprint and Invests in Manufacturing
· Total Group Turnover in excess of £1bn.
· Total Operating Profit grows from £8.4m to £28.8m
· Sales from continuing operations up 3.2%
· Increase in cash of £5.9 million
· £30 million manufacturing investment
Unipart Group, one of Europe‟s leading manufacturing, logistics and consulting businesses, has announced its financial results for the year ended 31st December 2012. Total Group turnover was £1,010.8m. Total operating profit grew from £8.4m to £28.8m. Sales from continuing operations grew from £967.3m to £998.4m.
The strategy to extend its global footprint saw the Group open its fifth logistics centre in China and its third distribution centre in India winning business with Toyota Kirloskar Motor and extending its relationship with TATA.
The Group is also extending its footprint in Australia with a successful commencement of a contract providing rail maintenance and supply services in partnership with United Group, complemented by a new logistics contract with Volvo and a consulting contract for the Group‟s Unipart Expert Practices consulting division with leading Australian supermarket chain, Coles. New contracts were also won in the United States for Long Tall Sally alongside the services provided to Jaguar and ASOS.
Unipart International is growing the Group‟s presence in Africa through its Intertruck business in Zambia and Kenya serving the aftermarket for commercial vehicles complementing its Dubai-based operation which services the Middle East and North Africa.
During the year, John Neill was appointed Chairman and Group Chief Executive following the retirement from the Board of Lord Sheppard of Didgemere, who had served as Non-Executive Chairman for sixteen years. Commenting on the results, John Neill said:
“The Group has learned over many years to turn adversity into opportunity, so despite the flat lining European economy, our investment over the last twenty years in the Unipart Way has provided us with a powerful way to help our existing and potential clients unlock new opportunities to grow and develop in these tough times.
“The expansion of our international operations, all of which have embarked on the journey to implement the Unipart Way and are doing it successfully, prove that our philosophy of working can be effective anywhere in the world and in any industry sector.
“More than twenty-five years ago we made a commitment to manufacturing in the UK and we strongly welcome the growing support for manufacturing by the Government and opinion formers.
“In 2012, we committed more than £30 million of investment to our advanced engineering facilities in Coventry developing next generation versions of existing products for our current customers, and completely new products which are world leaders in technology. This includes next generation engine fuel rails that will go on Ford‟s newest engines for the global market.
“We are pleased to have received external accreditation for the work we do for our customers with our Oxford site being named Homebase Depot of the Year and our operations with Sky being awarded the European Supply Chain Excellence Award for Environmental Improvement. Our technology services site in Nuneaton was named Best Service and Repair Centre in the UK for the second year running, and our operations were rated as “best in the world‟ in several benchmarking studies by customers.
“For a third year running, Unipart has retained its platinum status in the Business in the Community‟s 2012 Corporate Responsibility Index. This achievement rates Unipart amongst the top companies in the world for best environmental, community, workplace and business practices. A number of Unipart sites also won top ratings for Health and Safety performance and for Environmental Management excellence. The Cowley Distribution Centre in Oxford was one of only six organisations worldwide to achieve the double award for Health and Safety excellence in winning both the Sword of Honour and the Globe of Honour.”
John Neill concluded: “We expect 2013 to be another demanding and challenging year, particularly in Europe, and we will therefore re-double our efforts and focus on international markets.”
Feb 20, 2021 Comments Off on Rack protection enhanced & mast control revisited; Innovative options for Linde reach trucks
Feb 20, 2021 Comments Off on Cardboard Shortage? Make the switch to alternative sustainable & recyclable plastic containers
Feb 13, 2021 Comments Off on Always totally individual: the customer-specific PhoeniX AGV from Hubtex
Jul 07, 2019 Comments Off on tesa packaging tape brings food storage in from the cold
May 13, 2018 Comments Off on Yale Europe Materials Handling expands tow tractor range
May 11, 2018 Comments Off on How will Brexit affect the Supply Chain & Logistics Industries?
Nov 14, 2020 Comments Off on New Modulean Lite shadow boards from BeaverswoodImproved organisation of workplace tools is in warehouse and logistics centres is provided with new Modulean Lite shadow boards from workplace visual communication solutions specialist,...
Sep 13, 2020 Comments Off on Hyster Europe expands its range of electric counterbalance lift trucks
Aug 09, 2020 Comments Off on Linde Training Solutions – Well Trained Without Fail
Aug 03, 2020 Comments Off on Warehouse Strategy, Design & Operation for a Post-Covid-19 World
Nov 22, 2020 Comments Off on Axial Properties Ltd fined €80,000 following serious incident in Clonee warehouseOn Friday 20th November, at Trim Circuit Court, Judge Martina Baxter imposed a fine of €80,000 on Axial Properties Ltd following a serious incident at one of their warehouses in Bracetown...
Nov 14, 2020 Comments Off on New Modulean Lite shadow boards from Beaverswood
May 31, 2020 Comments Off on A-SAFE launches new hygiene partition for industrial facilities
Mar 25, 2020 Comments Off on Hospitality casualties could join warehousing workforce says UKWA