Trade Resources Company News Jaguar Land Rover to Invest 600m in West Midlands for The Creation of New Products

Jaguar Land Rover to Invest 600m in West Midlands for The Creation of New Products

Jaguar Land Rover has announced plan to invest 600m in West Midlands, UK for the creation of new products and advanced vehicle manufacturing.

The company will be investing more than 400m at Castle Bromwich plant to upgrade the facility for the production of Jaguar XF.

The company is investing 320m exclusively for setting up of a aluminum body shop, which will facilitate lightweight vehicle manufacturing, making it one of the single largest investments in the history of the Castle Bromwich site.

Jaguar highlighted that the production at its Castle Bromwich plant has doubled in the past five years with the introduction of XJ and F-Type vehicles.

The British automaker is already spending 16m towards a new blanker line, which will facilitate creation of 'blank sheets' from coils of aluminium.

The aluminium will be used into body panels on a new Aida 50m press line, which will be fed into the 320m body shop.

Jaguar Land Rover CEO Dr. Ralf Speth said: "Jaguar Land Rover continues to demonstrate its unwavering support to the British automotive industry through sustained investments in advanced research, technology and innovation.

"This investment, made here in the heartland of our UK business operations, signals the confidence we have in this region to support the creation, engineering and manufacturing of ultra-low emission, premium British products, today and in the future."

Source: http://www.automotive-business-review.com/news/jaguar-to-invest-600m-in-west-midland-facilities-in-uk-260315-4540613
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Jaguar to Invest £600m in West Midland Facilities in UK
Topics: Auto Parts