Newspaper article The Journal (Newcastle, England)

Rollercoaster Ride of Month

Newspaper article The Journal (Newcastle, England)

Rollercoaster Ride of Month

Article excerpt

JAPANESE car giant Nissan announces plans to create hundreds of new jobs in a pounds 200m investment to build batteries for electric cars. Prime Minister Gordon Brown and Business Secretary Lord Mandelson visited the firm's plant in Sunderland, to hear the news, which gives a boost to the UK's recession-battered motor industry. The battery investment makes the Sunderland plant a contender for manufacture of the group's new "greener" electric vehicles.

ONE of Tyneside's biggest shipyards is taken over by a Welsh entrepreneur who promises fresh investment to secure its long-term future. A&P Tyne, which has about 160 permanent workers at its site in Hebburn, South Tyneside, is bought by Cardiff-based The Bailey Group. Property developer and entrepreneur Paul Bailey, who took a 50% stake in the group in September 2006, has bought the remaining shareholding from A&P directors and senior managers.

A SEAFOOD wholesaler says it expects to grow its business by 10% over each of the next five years following a pounds 15m investment which has seen it open a new plant in County Durham and create 150 jobs.

Cumbrian Seafoods completed a major overhaul of its operations, which has seen it move 70% of its business to a new purpose-built 250,000sq metre site in Seaham, which is three times bigger than its old base. The firm has managed to grow its turnover from pounds 135m to pounds 150m in the year to March 31, 2009.

A PHARMACEUTICAL firm lays out aggressive growth plans that could see it snap up new acquisitions in Europe and the US, and invest pounds 5m on upgrading its Northumberland headquarters.

Drugs giant Aesica, which employs around 150 people in Cramlington, has trebled in size since its inception five years ago and now expects to treble its pounds 100m-a-year turnover by 2013.

PLANS to create thousands of jobs in the region by placing it at the forefront of technology which will transform the electronics world have received a huge funding boost.

The Government has put pounds 20m behind the North East's effort to become a global leader in printable electronics in a move which will initially create 250 jobs here and 1,500 nationally. …

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