Jaguar Land Rover (JLR) has announced it will open a new car factory in Slovakia.
Jaguar Land Rover chief executive Dr Ralf Speth confirmed the plans when he visited Halewood Land Rover experience centre.
This announcement follows an agreement between the company and the Government of the Slovakia to build this new plant close to the city of Nitra, in the west of Slovakia. This new facility will cost £1 Billion to build and will create 2,800 jobs.
This announcement follows Jaguar Land Rover’s promise to double its investment in its engine plant in the UK to almost £1bn – the largest injection into a new British manufacturing plant in decades creating several hundred new jobs.
JLR chief executive Dr Ralf Speth explained: “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.
“Slovakia has an established premium automotive sector, which represents 43% of the country’s overall industry.
“It has more than 300 suppliers in close proximity and an excellent logistics infrastructure; this confirmed our decision that this country was the ideal location.”
He also reassured that the UK plants will benefit, including Halewood in Knowsley which employs 4,500 staff, saying-
“The heart of our company will always be in the UK, where our design, technology and manufacturing capabilities are based”.
“It is our creativity and innovation which makes Jaguar Land Rover the leading boutique automotive brand, offering exceptional products for our customers.
The first new car will roll off the production line in 2018. The new Slovakian Plant will have a capacity of 150,000 vehicles and building will start in 2016.
Dr Ralf Speth signed the deal for the new plant with Robert Fico, Prime Minister of Slovakia, in Bratislava.
Mr Fico explained, “We are glad that Jaguar Land Rover has chosen Slovakia for its new world-class manufacturing facility”.
“This decision shows that, with a stable and solid business environment, Slovakia is an attractive place for investors. And the marriage of Slovak craftsmanship and British engineering holds great promise.”