Jaguar Land Rover Building New Factory in Slovakia
£1 Billion Investment in Facility Will Employ 2,800
Jaguar Land Rover (JLR) announced today that it had decided on a location for its newest manufacturing facility. Following “robust analysis of a number of locations around the world including other European countries, United States, and Mexico,” JLR will build a factory in the city of Nitra, Slovakia. The company had previously announced intentions to build a plant there, and now it's got a specific spot in mind.
Intended to build a range of all-aluminum JLR vehicles (including, possibly, the rumored aluminum-bodied next-generation Land Rover Defender), the plant’s groundbreaking will occur in 2016, with the first vehicles rolling off the assembly line in late 2018. JLR says the factory will initially be capable of building 150,000 vehicles yearly.
“Jaguar Land Rover is delighted today to welcome Slovakia into our family,” said Dr. Ralf Speth, JLR’s CEO. “The new factory will complement our existing facilities in the UK, China, India, and Brazil and marks the next step in the company's strategy to become a truly global business.”
The decision was made following an agreement between JLR and the Slovak Republic. With an “established premium automotive sector,” 300-plus suppliers, and a solid logistics infrastructure, Speth said Slovakia is an ideal location for vehicle manufacture.
JLR won’t be the first premium brand to establish such a presence in the nation, which lies to the northeast of Austria. A variety of Volkswagen Group vehicles, including the Porsche Cayenne and Audi Q7, are built there.
“We are glad that Jaguar Land Rover has chosen Slovakia for its new world-class manufacturing facility,” said Slovak Republic Prime Minister Robert Fico. “This decision shows that, with a stable and solid business environment, Slovakia is an attractive place for investors.”
Today’s announcement follows JLR’s recently divulged investment plans at its engine plant in England, a massive undertaking that will create several hundred new jobs. With a variety of production investments on the horizon, it’s clear that the company is trying to insulate its vehicles from currency fluctuations, trade disputes, and shipping costs. Provided it can offer the same (or better) levels of craftsmanship from its new factories as what we’re used to, the plans should likely be successful.
Source: Jaguar Land Rover