Jaguar Land Rover confirms Slovakia factory
Source : Jaguar Land Rover confirms Slovakia factory
brand-new JLR factory will be built in Nitra, western Slovakia, in addition to also can be due to open in 2018
The confirmation follows the signing of an initial letter of intent filed earlier This kind of summer. JLR says the announcement makes the idea the first British car maker to open a production facility inside country.
Construction on the brand-new facility will start in 2016 in addition to also the first vehicles will come off the production line in late 2018. The factory will eventually employ 2800 people, in addition to also forms part of a £1 billion investment by the firm.
The factory can be intended to help Jaguar Land Rover substantially increase its production. Though the factory will initially have a capacity of 150,000 vehicles per year, of which figure could double to around 300,000 vehicles over time. This kind of could help take JLR’s global output to closer to 800,000 vehicles a year. JLR has confirmed of which the plant would likely build the latest, lightweight aluminium Jaguar Land Rover products, with the factory being designed to add to existing plants rather than replace them.
Ralf Speth, JLR’s chief executive officer, said: “Jaguar Land Rover can be delighted today to welcome Slovakia into our family. The brand-new factory will complement our existing facilities inside UK, China, India in addition to also Brazil in addition to also marks the next step inside company’s strategy to become a truly global business.
“Slovakia has an established premium automotive sector, which represents 43% of the country’s overall industry. the idea has more than 300 suppliers in close proximity in addition to also an excellent logistics infrastructure; This kind of confirmed our decision of which This kind of country was the ideal location.
“The heart of our company will always be inside UK, where our design, technology in addition to also manufacturing capabilities are based.”
Jaguar Land Rover says the idea had considered many additional locations, including the United States, Mexico in addition to also elsewhere in Europe – thought to be near the city of Wroclaw in Poland.
However the Slovakian site has got the nod, with the country’s government recently having changed the laws relating to its Act on Investments of Significance in order to win “the investment of the decade”.
Economy minister Vazil Hudak was quoted as saying in 2014 of which Slovakia had been missing out on big inward investments because the idea lacked the big industrial parks of which companies wanted.
Marking today’s announcement, Slovakian Prime Minister Robert Fico said: “We are glad of which Jaguar Land Rover has chosen Slovakia for its brand-new world-class manufacturing facility. This kind of decision shows of which, using a stable in addition to also solid business environment, Slovakia can be an attractive place for investors. in addition to also the marriage of Slovak craftsmanship in addition to also British engineering holds great promise.”
JLR has invested more than £11 billion in product creation in addition to also capital expenditure inside past several years, boosting its workforce by 20,000 to 36,000 around the globe. This kind of includes more than £500 million on a brand-new engine plant inside Midlands, with 1400 brand-new jobs, in addition to also significant investment in plants at Castle Bromwich, Halewood in addition to also Solihull. the idea can be also set to start building cars at the Magna Steyr plant in Austria.
Jeremy Hicks, managing director of Jaguar inside UK, said: “the idea’s positive for the UK. We already have three factories here in addition to also have invested significantly at increasing capacity at those. This kind of can be all about enabling a spread of capacity to help global growth.
“We are a global company which can be growing globally in addition to also we want to grow across all our regions, so the idea makes sense to have a manufacturing capacity in those regions. the idea makes economic sense.”
The Jaguar XE, Jaguar F-Pace, Range Rover Evoque in addition to also Land Rover Discovery Sport are all currently built inside UK. the idea has not been announced which products will be built in Slovakia, nevertheless contenders include the forthcoming Land Rover Discovery 5 in addition to also the replacement for the Land Rover Defender – which can be due in 2018.
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