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12. January 2016

Tata JLR will build 1 bn pound factory in Slovakia

Tata JLR will build 1 bn pound factory in Slovakia

A Land Rover Evoque car is seen on the production line inside the Chery Jaguar Land Rover plant, in Changshu, Jiangsu province in this October 21, 2014 file photo. Luxury carmaker Jaguar Land Rover (JLR) confirmed on December 11, 2015, it will build a car plant in Slovakia, beginning a 1 billion pound ($1.5 billion) project which will be one of the biggest ever foreign direct investments in the central European nation.

As part of its commitment to deliver more lightweight vehicles, the new plant will manufacture a range of all-new aluminium JLR vehicles, the company said.

Tata Motors-owned Jaguar Land Rover will set up a one-billion pound premium manufacturing plant in Slovakia to make all-new aluminium vehicles as part of its commitment to deliver lightweight cars, the company said on Friday.

The UK-based luxury car maker clinched an agreement with the government of the Slovak Republic to build a new plant in the city of Nitra, western Slovakia. The new world-class 1-billion pound worth premium manufacturing facility is expected to employ around 2,800 people over time.

“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,” said CEO of Jaguar Land Rover Dr Ralf Speth.

“Slovakia has an established premium automotive sector, which represents 43 per cent 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 said.

As part of its commitment to deliver more lightweight vehicles, the new plant will manufacture a range of all-new aluminium JLR vehicles, the company said.

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.

Slovakia Prime Minister Robert Fico, who signed the agreement with Dr. Speth said, “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.”

Source: thehindu.com

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