With an annual turnover of around £60bn, automotive manufacturing accounts for two thirds of the UK’s turnover for the manufacturing sector. The industry alone employs over 700,000 people and accounting for over 10% of the total UK exports, there is no denying that the automotive industry is booming.
Automotive manufacturing saw a significant dip in 2009, coinciding with the economic recession, manufacturing only 999,460 cars. These numbers are now, however, increasing at a steady pace and it is estimated that by 2017 the UK will be making more than two million cars per year. This is higher than the all-time record of 1.92 million in 1972.
Here in the north east especially, we have seen some great success in the past two years with regards to automotive manufacturing and retail. According to the Society of Motor Manufacturers and Traders, Nissan was ranked number one in the UK in terms of production, producing 501,756 cars in 2013. In addition, a recent article on BDaily stated that Gateshead’s Vertu Motors has announced revenues of over £1 billion.
Here at Omega Plastics we’re constantly striving to develop our capabilities, and so over the past year we have been investing in new and more advance machinery and technology which is helping us cater to a wider audience, in particular within the automotive market sector, which has allowed us to keep on track of an ever growing industry.
To read more details on what we have to offer here at Omega Plastics, please visit our services page(s); alternatively you can take a look at our two minute promotional video that allows more of a visual idea of the procedures that take place here in our factories.