Back in the summer Jaguar Land Rover filed a letter of intent to open a factory in Slovakia to continue production on the expanding range of vehicles from both Jaguar and Land Rover.
It has now been confirmed that JLR will in fact be opening a factory in western Slovakia to become the first British manufacturer to open a production facility in the Slovak Republic.
The new factory is set to be a world-class £1 billion premium manufacturing facility with around 2,800 people eventually being employed.
Prime Minister of Slovakia, Robert Fico 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.”
The confirmation of JLR’s new Slovakian factory follows Jaguar Land Rover’s recent announcement that investments are being doubled in its UK engine plant to around £1 billion creating hundreds of UK jobs.
The plant in Slovakia will manufacture a range of all-new aluminium Jaguar Land Rover vehicles as part of Jaguar Land Rover’s commitment to deliver more lightweight vehicles.
The very first cars from the Slovak plant will come off the production line in late 2018 with the factory having an initial capacity of 150,000 vehicles.
On top of that Jaguar Land Rover may very well conduct further feasibility studies with Slovakia to evaluate the opportunity for potential future expansion of the plant. An expansion could very well see vehicle capacity of the Slovak plant could gain another few hundred thousand vehicles.
JLR’s global output is set to take a steep increase to around 700,000 – 800,000 vehicles a year. To put that in context, in 2014, Jaguar Land Rover sold 462,678 vehicles.
Jaguar Land Rover CEO Dr Ralf Speth stated that:
“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.”
Construction of the Slovak Jaguar Land Rover factory will commence in 2016.