Bericote have pre let 563,000 sq ft at Four Ashes Park to Spanish car parts manufacturer Gestamp Tallent Ltd.
Gestamp, one of Cannock’s major employers, is to relocate to the new £56.3 million manufacturing facility and make a £70 million investment in new equipment and fitting out.
Gestamp’s move to the state-of-the-art stamping plant will secure the existing 800 jobs at the plant in Wolverhampton Road, Cannock.
The production of car chassis and body parts will start in the 563,000 sq ft facility before the end of 2017. The project has been supported by Stoke-on-Trent and Staffordshire Local Enterprise Partnership, Staffordshire County Council, Cannock Chase District Council and the Department for International Trade.
Gestamp Chairman in the UK, Ian Middleton, said: “We have been working on this project for a long time. The UK is one of Gestamp top five global markets since the beginning of our operations here in 2011. Our company is committed to helping our customers in key aspects such as quality, safety and lightweight innovations, therefore Gestamp wants its facilities to utilise the most modern stamping technologies available to fulfil its objectives.”
Gestamp is taking a 25-year lease on the new premises, which is being funded by TRITAX BIG BOX REIT.
The new plant will utilise conventional stamping and the new technique of hot stamping with a new transfer servo press line. The annual turnover of the new plant will eventually top £140 million per year.
The first staff will move there by the end of 2017 and there will be a phased transfer thereafter.
Four Ashes park offers excellent access to the Motorway network, via the A449 and A5 trunk roads to Junction 12 of the M6 motorway, only 2.3 miles away.
The site is served by an hourly bus service (Mon-Sat) that runs along the A449 between Stafford and Wolverhampton.