Jaguar Land Rover has announced plans to develop a new manufacturing facility in the city of Nitra, western Slovakia.
The British company has signed a letter of intent with the government of the Slovak Republic and will shortly commence a feasibility study for a plant that will have a production capacity of up to 300,000 vehicles.
JLR says that the move is part of its strategy to become a more competitive global business by expanding into international locations.
“The expansion of our business globally is essential to support its long-term, resilient growth,” explains Jaguar Land Rover CEO Dr Ralf Speth. “As well as creating additional capacity, it allows us to invest in the development of more new vehicles and technologies.”
JLR has also committed US$785m to building a new engine manufacturing plant in Wolverhampton, UK, that will employ 1,400 workers to build the company’s Ingenium range of engines, starting with the 2-liter diesel in the new XE later this year and petrol engines early next year. A factory in Brazil that will build the Discovery Sport SUV for the local market is also due to be finished early in 2016.
August 19, 2015
