Fortec announces five million investment programme
Rugby based Fortec Pallet Distribution Network has today announced a £5 million investment programme in a new 140,000 sq foot central hub, IT systems and equipment that will accommodate the organisation’s expansion plans for at least the next five years.
– move to new Central Hub at Easter – new facility three times size of present hub – record turnover and profits in 2006
The multi-million-pound investment, unprecedented in the 10 year history of Fortec, has been approved by French parent company Geodis following Fortec’s record financial turnover and profits for the fifth year running in 2006.
Fortec, currently based on the Europark Estate near Rugby will move to a 140,000 sq. ft. building eight miles south of its existing location. The new building which is nearly three times the size of the current hub is located on a 9.25 acre site and provides excellent motorway access.
Extensive refurbishment of the new hub site at Watford Gap is currently underway and this work is scheduled to be completed by late March in readiness for the relocation of Fortec staff and facilities to the new central hub after Easter.
Rod Abrahams, Managing Director of the Fortec Pallet Distribution Network commented: “This multi-million pound investment in a new central hub, systems and facilities is without doubt a quantum leap for the business.
“The new site represents a huge step forward in the future development of Fortec and will enable the network to handle the forecast volume growth which is anticipated over the next few years.
“The facility enables Fortec to continue to focus on the quality end of the pallet distribution market – providing our licensees with the right infrastructure to send their customers goods through a safe and secure environment with the full benefits of extensive IT support.
“This is a milestone for Fortec and will help shape the future success of the company for many years to come,” he added.
The new Fortec Pallet Distribution Network Hub is an enabler through which the company can facilitate its expansion plans:
a) It will enable the network to increase from 61 to 75 licensees.
b) It will enable the network to launch new products for licensees and their customers.
c) It will enable Fortec to develop extensive ground-breaking IT enhancements.
d) It will enable Fortec to build upon its reputation as a quality provider.
