Jaguar Land Rover’s continued expansion – towards hoped-for world dominance – has taken a step forward with the announcement that it would like to build a new factory in Slovakia.
The company has signed a Letter of Intent with the Slovak Government for the potential development of a new factory in Nitra in western Slovakia. The move might be seen as a snub for the UK factories, but JLR says, ‘the move marks the next step in the company’s strategy to become a more competitive global business.’ Given that the company employs more than 36,000 and has invested more than £11bn in the UK, it should not be a cause for concern, as it would be additional production capacity, and not at the expense of the factories here.
The company says that, following robust analysis of a number of locations including Europe, the United States and Mexico, it has selected Slovakia as its preferred location. It is close to a strong supply chain and good logistics infrastructure. Subject to the outcome of the feasibility study, a final decision is expected later this year.
Robert Fico, Prime Minister of Slovakia, said, ‘The Slovakian Government is delighted to be selected as Jaguar Land Rover’s preferred location for this feasibility study. We look forward to working closely with Jaguar Land Rover over the coming months to progress the negotiations.’