Wyre Forest has beaten off strong competition from other areas in the UK, Europe and Asia by attracting a major inward investor from the automotive industry into Kidderminster. Amtek International part of the worldwide Amtek Auto Group, will make a significant investment to build and develop a new manufacturing plant on the former Lawrence’s Recycling site on the A451 between Kidderminster and Stourport-on-Severn.
The initial investment of £5.0million and 100 new highly skilled jobs will be created in the next 12 to 24 months.
The new facility will drive the company’s expansion plans to meet the growing demand for aluminium automotive components and establish Kidderminster as one of the largest suppliers of auto parts in Europe.
To convince the company that Kidderminster was the right place to invest, Wyre Forest District Council and Worcestershire County Council worked in partnership to offer a significant incentive package to secure the investment into Wyre Forest and Worcestershire.
Part of the attraction was that the site is located in the South Kidderminster Enterprise Park Local Development Order area, which means that firms can progress certain types of development in that area without the need for planning permission, which will be beneficial to Amtek once they are established on the site.
Councillor John Campion, Cabinet Member for Planning and Economic Regeneration at Wyre Forest District Council said: “We welcome Amtek to Wyre Forest. The arrival of Amtek into Kidderminster is a real game changer for our local economy. It sends out a hugely positive signal to the market that Wyre Forest is truly open for business. “This decision by Amtek is a vindication of the Council’s proactive attitude to economic development and regeneration over the last few years. It shows a significant return on the investment and effort that has been put in by the Council and its partners to drive regeneration. “We anticipate that an inward investor of this calibre will act as a catalyst for further investment and growth into Wyre Forest, firmly positioning Kidderminster as a ‘go to’ location for automotive supply chain companies.”
Councillor Adrian Hardman, Leader of Worcestershire County Council said: “The County Council is very pleased to have worked with Wyre Forest District Council to help secure the investment from Amtek International into Wyre Forest which will benefit the whole Worcestershire economy”. “Worcestershire County Council is supportive of the wider regeneration plans for Wyre Forest and with plans progressing to build the Hoo Brook Link Road, we are confident that further inward investment will be secured for the district”.
Laurence Hurley Chief Operating Officer Amtek International said; "Amtek International is pleased to announce that the Amtek Supervisory Board has decided to locate its new Foundry Plant in Kidderminster”. “The site in Kidderminster is an ideal fit with the operational requirements of Amtek International and will help the company to meet the growth in demand from its key European customers. We were extremely impressed with the pro-business attitude of the two Councils and in a short space of time they were able to offer a substantial package of support that convinced the Amtek supervisory Board that the Kidderminster site was the right place to invest”.
It is anticipated that work to convert the vacant buildings will start later this summer with production commencing before the end of the year.