Kingspan Insulated Panels has appointed P&O Ferrymasters as lead logistics provider for all export traffic from the UK to mainland Europe and the Republic of Ireland in a contract worth up to £16.9m (20m euros).
An estimated 6,000 loads per year will be covered by the rolling three-year agreement.
Kingspan divisional operations manager Liam McDaniels said: “By expanding our association with P&O Ferrymasters, we are set to build on the benefits they have delivered over the past 25 years. We see enormous potential in tapping into the synergy of their pan-European resources.”
P&O Ferrymasters has identified cost savings of £840,000 (1m euros) under the new deal – now being implemented by the European contract logistics team – as part of an ongoing review to simplify and enhance Kingspan’s entire transport management requirement.
It is basing up to 60 dedicated stand trailers at three Kingspan plants in Ireland and northern England, while also using a number of partners under a single point of control.
Some 70 per cent of the volume is bound for Benelux countries and 20 per cent for Ireland. Other destinations include Scandinavia and France.