Cummins Engine Company has signed up on a new 44,000 sq ft warehouse at Badby Park, Daventry for a major logistics operation.
The new parts storage facility will serve Cummins? manufacturing facility in Daventry on a just-in-time basis.
Construction of the building has started and it will be completed in July 2004. Cummins is relocating from a facility operated by Exel in Rugby and has signed a 15-year lease with a ten-year break.
David Newsome, executive manager ? facilities, of Cummins Business Services, said: ?This new facility will streamline our logistics operation, reducing delivery times and our logistics costs.? Paul Hancock, of Hancock & Lane said: ?We are delighted to welcome Cummins to our new scheme and although it is early days we feel confident of delivering the unit on time.?
Chris Kershaw, partner and head of Gerald Eve?s Birmingham office, also said: ?We spent three months negotiating the deal to ensure the best turnkey package to suit Cummins.?
Charles Smedley, of Lambert Smith Hampton, added: ?This is another success story for Daventry and the Heartlands Business Park.
?By making serviced industrial land available to successful developers, Daventry will continue to attract and retain new and expanding businesses because of its strategic location.?