Marcus De Guzman / Jaguar Land Rover | August 13, 2015 03:12
Government of Slovakia receives Letter of Intent from JLR for new factory
It appears that Jaguar Land Rover (JLR) vehicles will not only be made in Great Britain and in China as the company recently sent a Letter of Intent to the Government of the Slovak Republic to set up a new factory in the country.
Proposed to be put up in city of Nitra in Western Slovakia, JLR selected Slovakia as it is one of the established countries that cater premium vehicles. Moreover, the factory marks what the company calls their ‘next step’ in becoming a more competitive global business entity by expanding their manufacturing operations to other countries.
“The expansion of our business globally is essential to support its long-term, resilient growth. As well as creating additional capacity, it allows us to invest in the development of more new vehicles and technologies, which supports jobs in the UK,” said Dr. Ralf Speth, CEO of Jaguar Land Rover.
If the proposed factory is approved, it will complement JLR’s factories located in Great Britain, China and the new one being constructed in Brazil.
“The Slovakian Government is delighted to be selected as Jaguar Land Rover’s preferred location for this feasibility study,” said Robert Fico, Prime Minister of Slovakia.
Prime Minister Fico added that they are committed in helping the country further develop its premium automotive industry. If they are successful, the investment put up by the company will greatly help the country boost its industrial strategy as well as benefit the European Union.
Before JLR selected Slovakia as their next feasible manufacturing site, the company did an analysis on other countries like US and Mexico. They insisted on Slovakia for their next location as it makes for a closer supply chain and a good logistics infrastructure.
The final decision of the proposition is expected later this year.
The Slovakian factory will be able to produce an estimated 300,000 vehicles for the next 10 years and will become the site of JLR’s new lightweight aluminum vehicles. JLR anticipates that the factory will be able to start operations by 2018.