Jaguar Land Rover has announced plans to build a new car plant in the city of Nitra in western Slovakia. The company has signed a letter of intent with the Government of the Slovak Republic, in a move that it states marks the next step in its strategy to become a more competitive global business by expanding its manufacturing operations into new international locations.
“With its established premium automotive industry, Slovakia is an attractive potential development opportunity for us. The new factory will complement our existing facilities in the UK, China, India and the one under construction in Brazil,” stated Dr Ralf Speth, Chief Executive Officer, Jaguar Land Rover.
A feasibility study is underway with the Slovakian Government that will explore plans for a factory with an installed capacity of up to 300,000 vehicles over the next decade. As part of Jaguar Land Rover’s commitment to deliver more lightweight vehicles, the plant would manufacture a range of aluminium Jaguar Land Rover vehicles. It is anticipated that the first cars will come off the production line in 2018.
Jaguar Land Rover has made significant progress in building its international manufacturing presence over the last year. It opened a new joint venture in China and commenced construction of its local manufacturing plant in Brazil at the end of 2014. The creation of new international plants allows Jaguar Land Rover to increase its presence in regions that have been identified as having growth potential, protect against currency fluctuations and achieve a more efficient, globally competitive business.