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Report - LDV, Birmingham, June 09

Discussion in 'Industrial Sites' started by rigsby, Jul 5, 2009.

  1. rigsby

    rigsby Chatbox Mong
    Regular User

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    Visited with Rooks.
    This rounded up our road trip nicely and was without a doubt the best explore of the road trip.

    Well done to Dweeb and Raddog for getting in there and showing us it was possible.

    LDV was formed in 1993 as Leyland DAF Vans Limited following a management buy-out of DAF NV's Leyland DAF van manufacturing division, following the bankruptcy of the Dutch company. Later the name was officially changed to LDV Limited.

    Prior to its merger with Leyland Trucks and DAF Trucks in 1987 it was part of the British Leyland / Rover Group empire and was latterly the Freight Rover arm of the Land Rover Group division.

    In December 2005, after going into administration, LDV was bought by group Sun Capital/Sun European Partners and was subject to a financial restructuring. What Van reported LDVs commitment to its existing customers, including an assurance from their marketing director that their production target of 1000 vans per month would put them well above break-even point.

    The Russian GAZ Group acquired LDV on 31 July 2006, and also established a new company, GAZ International, based in the UK, to focus on the automotive industry. The BBC reported that a GAZ spokesperson said that the company had appointed former Ford of Europe executive Martin Leach and former A.T. Kearney executive Steve Young to run the business, and that it planned to expand production at LDV's Birmingham plant by adding new product lines and entering new markets in Europe and elsewhere.

    Due to the severe worldwide recession, production was halted at LDV's Birmingham factory in December 2008 and on 29 April 2009 LDV Group Limited applied to go into administration.

    On Tuesday, 5 May 2009, it was announced that the UK government was to make a temporary loan of £5m to the Malaysian company Weststar in aid of its bid to take over LDV.
    Sadly on Tuesday, 2 June 2009, Weststar announced it was not able to raise finance for its take-over bid, placing LDV back into administration on 8 June 2009.

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    The fresh milk and fruit in the fridge in this office suggests it is still in use.

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    #1 rigsby, Jul 5, 2009
    Last edited by a moderator: Jul 5, 2009

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  2. rigsby

    rigsby Chatbox Mong
    Regular User

    Joined:
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    Home Page:
    Return visit with Speed Bubblehead and Rooks.

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