A £455m-turnover company which manufactures components for the likes of Jaguar Land Rover has taken 310,000 sq ft of space in Solihull which will create 400 new jobs.
Birmingham-headquartered International Automotive Components Group (IAC) has agreed to lease both buildings on Prologis Park Birmingham Interchange
IAC signed an 11-year lease deal and will use the site for manufacturing, assembly and sequencing, in addition to housing certain centralised UK-based functions such as engineering, programme management, commercial, finance and IT.
The company plans to invest in state-of-the-art highly automated process manufacturing for the site.
IAC Group’s chief executive Manfred Gingl said: “We are a customer-centric company, which is why it was an easy decision for us to expand our operations near our customer’s production sites.
“IAC views the UK as a strategic market, and we look forward to continuing our partnership with JLR long into the future.”
The American-owned company also has operations in Bristol, London, Sunderland and Liverpool and employs more than 1,800 workers across its UK sites.
IAC currently supplies components and interior trim to Land Rover and Range Rover models in the UK.
The company anticipates full production at the site in 2021 and will create an additional 400 jobs in the region.
Ashleigh Hayes, associate market officer for Prologis UK, added: “IAC’s decision to locate its facility at Prologis Park Birmingham Interchange further endorses the West Midlands as a premier location for the automotive sector and is a huge vote of confidence for the region.
“This dual letting is great news for local employment, and we are delighted to be able to support IAC Group’s continued expansion in the UK.”
Savills and Burbage Realty acted for Prologis UK. IAC was represented by Melissa Wase-Rogers, director at CBRE.
