Sevcon, a maker of electric vehicle components, is on track to create a number of Gateshead jobs alongside a programme of continued investment, its chief executive has told Insider. Matt Boyle also revealed the company is sitting on a strong pipeline of work after securing a number of significant contracts.
The company recently reported (http://www.insidermedia.com/insider/north-east/132799-sevcon-accelerates-sales-and-secures-major-contract/) it enjoyed a revenue rise of 10 per cent to $9.9m (£6.5m) for the three months ended 3 January 2015, up from $9m (£5.9m) in the same period the year before.
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Source: Insider