Sunderland has been chosen to host the first-ever AGM outside of Japan for global logistics group Vantec Corporation, which has created 230 Sunderland-based jobs in the last two years.
Executives from Vantec Corporation’s head office in Japan, plus Vantec managing directors and CEOs from America, India, Guangzhou, Mexico, Russia and the Netherlands are attending the three day meeting this week.
The decision to meet in Sunderland comes after a string of successes for Vantec Europe, which specialises in logistics for Nissan Manufacturing UK in the North East. Earlier this year, Vantec Europe picked up an inaugural SHD Logistics Award, winning the New/Start-Up Facility category award.
Vantec Europe in Sunderland opened a £22.5m, 420,000 sq ft warehouse on the North East Enterprise Zone at Turbine Park Sunderland in 2012. The facility, now operating at full capacity, was built to handle new work from neighbouring Nissan.
The AGM is being held at Sunderland City Council’s Washington Business Centre within the Enterprise Zone. In addition to Vantec, the Enterprise Zone houses workshops and hybrid units for small and start-up businesses, the Future Technology Centre for low carbon vehicle technologies and R&D, and a pub-restaurant.
Vantec Europe Ltd, which employs 1,000 staff in the North East, also runs warehousing and logistics operations with Komatsu UK, Birtley and Cummins Engines, Darlington.
The success of the new warehouse played a key role in securing additional business with Nissan in Russia, where Vantec is working in partnership with Moscow-based Major Auto Trans to supply warehousing and logistics to the Japanese car giant in St Petersburg.
Managing Director of Vantec Europe, Martin Kendall, said: “Our closeness to Nissan is a key factor in our success. We handle 96% of its logistics activity and services and employ over 750 people on the Nissan contract.”
Vantec Europe worked with Sunderland City Council to bring the huge warehouse to the city. Mr Kendall said: “We have a very close relationship with Sunderland City Council. They understand the importance of job creation through business growth.”
Sunderland City Council leader, Cllr Paul Watson, said: “Vantec in Sunderland is going from strength to strength and the company’s decision to hold its first AGM outside of Japan in the city is a vote of confidence in the Sunderland business, its staff and management.
“Vantec plays an important role in Sunderland’s growing automotive sector, and we are delighted that the city is being recognised on a global scale by Vantec Corporation’s decision to bring key international players from its worldwide warehousing and logistics business to see what is happening in Sunderland.”