Unipart’s group turnover topped £1 billion as sales increased 3.2% and operating profits jumped from £8.4 to £28.8 million for the year ended 31st December 2012.
The strategy to extend global footprint saw the Group open its fifth logistics centre in China and its third distribution centre in India winning business with Toyota and TATA. The Group is also extending in Australia with a successful commencement of a contract providing rail maintenance and supply services. New contracts were also won in the United States as well as in Africa.
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. 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. 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.”