Partner Article

Auto firm rolls out large-scale investment plan

A RAPIDLY expanding auto specialist has embarked on a two year £2m investment strategy in a bid to bring 250,000 extra tyres to market.

North Eastern Tyre and Exhausts (NETE) is investing £2million into its wholesale division, NE Wholesale, in a bid to offer the market close to quarter of a million tyres, spanning 1000’s of product lines.

NETE has acquired a vast 69,000sq ft warehouse in Stockton, almost the size of two football pitches to accomodate the new drive for business.

Tim Darcy, general operations and logistics manager for NE Wholesale, said: “The acquisition of this massive storage space is in addition to our current NE Wholesale storage sites, and is a strategic move in NETE’s growth plans.

“We are now able to work even closer with our wholesale customers and offer an incredible range of tyres we now have at our fingertips, all with a substantially decreased delivery time.”

The storage site which relies on 1400 stillages and three forklift trucks to manage its stock base of 100,000 of tyres, is the first stage of NETE’s current drive to be lean and smart in tough economic times.

Next on the auto specialist’s agenda is to invest in state of the art automated technologies which will enable faster picking and stock optimisation.

This was posted in Bdaily's Members' News section by Ruth Mitchell .