The TEESSIDE company is opening the door to growth, after receiving the keys to the new £ 8.5m factory. Nifco UK, £ 30M turnover car parts manufacturer, has taken possession of the 130,000 sq ft Eaglescliffe his place, a move that will allow the company to increase the number of employees to 300 - nearly double the size of this group time last year. Staff will begin a gradual transition from their current site, factory in 1967 in Yarm Road, in February. The company uses plastic injection molding to produce more than 250,000 parts per day, giving brands including Nissan, Ford Motor Company, Jaguar Land Rover, Honda and Toyota. Mike Matthews, managing director of Nifco, handed the keys to the building construction contractor Tolent, and now it does start to get office space and factory floor staff are ready to move. He said: "The move to the new plant is a significant advance for Nifco UK." He added: "This, I think, will help secure the future of operations here in the North-East for at least the next 20 years." News just days after Britain announced it was creating 127 new jobs Nifco after securing £ 1.65m Regional Growth Fund cash. Tolent, the company responsible for the development of 4.5 hectares which it spent more than 100,000 hours of work developing the site. The development of new areas overseen by Wynyard Park Ltd., in partnership with a commercial property company Dodds Brown. Stockton Council is also helping the company secure funding for the site. As well as a better working environment for staff, the new plant will significantly reduce the carbon footprint of the company. Wild natural, ecological consultant Guisborough, helping to ensure that the measures in place to protect the natural environment around the site, both during the build and in the future.