Pictured above: Ian Lennox
Japanese companies remain hugely important to the future of the
West Midlands, according to a legal expert.
Ian Lennox, a consultant at international legal practice DLA
Piper, said they continued to offer a shining example to the
under-pressure manufacturing sector as role models for others.
His comments follow Telford-based Hoshizaki's recent move into
new premises - the firm specialises in the production of commercial
ice-making machines.
Mr Lennox, who advised on all matters relating to the
acquisition of Telford 70 on Stafford Park industrial estate, said:
"There are a large number of Japanese companies in Telford and they
remain an important element in the West Midlands economy.
"And it is good to see expansion and investment like in this
case.
"Hoshizaki is driving forward and the region is fortunate to
have such go-ahead companies like this.
"With 80 per cent of its products exported, this business is a
success story and we are fortunate that it is located in this
area."
Hoshizaki has doubled the size of its premises to 70,000 sq ft,
safeguarding more than 40 jobs and creating a handful of new
positions with support and advice from One Telford and Advantage
West Midlands.
DLA Piper had to move fast to secure the new site.
Mr Lennox said: "The transaction had to be carried out with
speed as the seller had already issued a draft contract to another
party and would only withdraw this on payment of a non-refundable
deposit."
Hoshizaki, which had been in a nearby leasehold unit, has moved
its distribution depot from Amsterdam to the new factory.
The Telford site is part of Hoshizaki Europe, which started
trading in 1992. It has a wide range of catering customers,
including producing ice flaking machines for the fish retailing
sector, and "pure" ice cubes for restaurants and hotels.
"Over the years, the market for ice has grown significantly and
now includes the healthcare sector, educational establishments,
laboratories and food processing plants," a Hoshizaki spokesman
said.
Hoshizaki Europe's parent company, Hoshizaki Electric
Corporation, was established in February 1947 in Nagoya, Japan.
Today it has 46 affiliated companies around the world with
10,000 employees.