Jobs boost as engineering firm secure £200m in orders
Mar 8 2010 by Chris Knox, The Journal
MORE than 200 jobs will be created and another 200 safeguarded after a company in the North East secured £200m in orders for new green technology.
Engineering firm GT, which based in Peterlee, County Durham, said it had orders for the next five years for its engine emissions control systems.
The firm said its technology would improve the cleanliness of engines. It was expected to be fitted to trucks, tractors, marine and construction equipment.
The jobs boost has come after regional development agency One North East agreed a grant of £2m over the next three years in support of GT’s £10m investment programmes.
Group chairman Geoff Turnbull said: "With the EU and international governments imposing tough regulations on transport emissions, vehicle manufacturers around the world are sourcing new technologies to deliver improved vehicle performance and environmental sustainability.
"We have now achieved a massive £200m of forward sales for these products after years of sustained investment in research and development.
"The major investment programme that we are about to undertake would have been very difficult without the assistance of One North East and Durham County Council, both of which have shown a real commitment to ensuring our business has the support it requires to be a pioneer in this important technology."