Jaguar Land Rover to build $1.5bn Slovakia factory 0

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Jaguar Land Rover has confirmed that they will be building a $1.5 billion (£1 billion) production factory in Slovakia. Despite members of the trade union worrying that the new factory could hurt UK jobs, JLR say the new factory will “compliment” the UKs.

JLR’s chief executive Ralf Speth said: “Jaguar Land Rover is delighted today to welcome Slovakia into our family. 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 new factory is being built to help JLR reach this “global business” model by increasing the annual production load. The new Slovakian plant will start by creating 150,000 vehicles a year, with the chance of that number doubling in the future. The company also confirmed that the new factory will be producing the newest, lightweight aluminium JLR models.

The factory will begin being built next year, with the first vehicles to roll off the production line in late 2018. It will eventually provide 2,800 new jobs, adding to the 36,000 employees JLR has worldwide.

JLR’s UK factories, of which there are three, have been assured that nothing will change. “The heart of our company will always be in the UK, where our design, technology and manufacturing capabilities are based,” says Speth.

It has not been revealed exactly what models the new Slovakian factory will produce, but odds are it’ll cover the Land Rover Defender’s replacement, which is scheduled for 2018.

 

 

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