A STALLED industrial park development on the outskirts of Derby is set to come back to life with a £45 million distribution centre that could create hundreds of jobs.
Goodman International, the developer behind Derby Commercial Park, has applied to Derby City Council for permission to build the 632,000 sq ft warehouse unit on the site, off Raynesway, for Kuehne and Nagel Drinksflow Logistics.
The firm, which is one of the world’s largest logistics companies, will use the building to carry out a contract it has with brewer Heineken.
The warehouse would have 100 loading docks, parking for 164 lorries and a vehicle maintenance unit. There would also be a three-storey office for admin staff and parking for 268 cars.
Meanwhile, Japanese car manufacturer Toyota has reported a huge rise in profits thanks to a weak yen and a sales recovery in the US.
This morning the firm, which has its UK manufacturing plant at Burnaston, said that in the three months to the end of June, profits jumped 93% compared to the same period last year.
The company, which makes the Auris and Avensis in Derbyshire, made 562 billion yen (£3.72 billion) in the first quarter of its current financial year, compared to 290 billion yen.
As a result, the firm now expects to make a profit of 1.48 trillion yen (£9.8 billion) for the full year, which is up from its earlier projection of 1.37 trillion yen.
Source: Derby Telegraph