Logistics and manufacturing giant Unipart has unveiled a major boost in its fortunes.

The company saw its operating profit soar to £28.8m from £8.4m the previous year.

Annual turnover at the global business which is headquartered off Garsington Road, Cowley, was more than £1bn.

More than £30m was invested at its Coventry manufacturing plant over the course of the year.

Chairman and group chief executive John Neill said: “We expect 2013 to be another demanding and challenging year, particularly in Europe, and we will re-double our efforts and focus on international markets.”