Luxury carmaker Jaguar Land Rover confirmed it would build a car plant in Slovakia, initiating a one-billion-pound investment and creating 2,800 jobs.
Sources revealed last week that Jaguar Land Rover, owned by India’s Tata Motors, has chosen the Slovak city of Nitra as the site for a new factory. The British brand announced in August that it signed a letter of intent to construct a new assembly facility in Slovakia. JLR had considered the Czech Republic, Hungary, Poland, Slovakia, the US and Mexico as possible sites for the plant, sources said earlier this year. The company has just confirmed its plan to invest 1 billion pounds in the new manufacturing facility and will eventually employ around 2,800 people. The recent announcement follows Jaguar Land Rover’s recent confirmation to double its investment in its engine plant in the UK to another 1 billion pounds, the largest injection into a new British manufacturing plant in decades, creating also several hundred new jobs.
“The new factory will complement our existing facilities in the UK, China, India and Brazil and marks the next step in our strategy to become a truly global business,” JLR CEO Ralf Speth told reporters after signing the deal with the Slovak government in Bratislava. JLR’s new plant will operate alongside its British plants at Castle Bromwich and Solihull in the English midlands, and Halewood in the northwest, turning out models such as the Jaguar XE sports saloon and the Range Rover Evoque. As part of company’s commitment to deliver more lightweight vehicles, the plant will manufacture a range of all-new aluminum Jaguar Land Rover vehicles. It is anticipated that the first cars will come off the production line in late 2018. The factory will have an initial capacity of 150,000 vehicles and construction will commence in 2016.