JOBS at an engineering firm have been secured until 2020 after bosses won £100m a year of additional business.
GT Group saw year-on-year growth of 25 per cent this year, with a growth forecast of a further 35 percent for 2014.
Bosses say the order book, which has been significantly enhanced during the last six months, will keep GT’s workforce occupied from 2015 to at least 2020.
The Peterlee-based firm, which employs 350 people across the North-East, supplies its innovative engine emissions control systems to leading manufacturers of heavy duty commercial vehicles across the world.
A range of new agreements has been reached with major players in the sector, resulting in GT Group being nominated as component suppliers for engine platforms for the period 2015 to 2020.
This will increase the number of engine platforms supplied from 320,000 in 2013 to 500,000 in 2015.
GT Group chairman Geoff Turnbull said: “The decisions by some of the world’s leading manufacturers to designate our technology for engine platforms is the key to advance orders in the region of £100m per year after five years.
“The engine technology is essential for trucks and heavy duty off-road vehicles in developed markets, which need to meet tough emissions criteria and it is now being adopted by all manufacturers of heavy duty diesel engines.
“Our success in achieving advance designation will ensure our products, manufactured in the North-East, are exported all over the world.”
“It is a real contribution to the regional and UK economy and to employment in the years to come.”
GT Group’s emission control valves, which use the latest emissions technology, are fitted to a wide range of heavy duty diesel engines including marine and construction vehicles, diggers, excavators and HGVs.