Skip to content
Search AI Powered

Latest Stories

Jaguar Land Rover Becomes First UK Automotive Firm To Start Plant In Slovakia

Jaguar Land Rover opened its state-of-the-art €1.4 billion (£1bn) manufacturing facility on Thursday (25) in Nitra, Slovakia, the first time a UK automotive company has opened a plant in this country.

Jaguar Land Rover currently employs around 1,500 people in Nitra, 98 per cent are Slovak nationals and 30 per cent are women. It will launch its second phase of local recruitment in November looking for an additional 850 people to join the team in Nitra, the company said.


All manufacturing employees have taken part in a bespoke 12-week training programme in the company’s first overseas Training Academy, representing an investment of €7.5 million.

The new 300,000m² facility stands at the forefront of aluminium manufacturing and engineering expertise in Slovakia, with an annual capacity of 150,000 vehicles a year. Supporting the company’s on-going commitment to deliver high technology lightweight vehicles to its customers, the first Land Rover Discovery rolled off the production line in September.

The plant incorporates cutting-edge technologies and it is the first in Europe to use Kuka’s Pulse carrier system which is 30 per cent faster transfer times than conventional conveyance systems. It will also feature a highly automated paint shop process to ensure the highest quality and minimise the environmental impact.

Looking to the future, the factory has been designed with the flexibility to enable smart, connected manufacturing technologies, such as shop floor visualisation by using real-time data to solve issues which will support improved process efficiency, delivery and quality, the company added.

Slovakia has an established premium automotive sector, which represents 44 per cent of the country’s overall industry.

With an established network of suppliers in close proximity, Jaguar Land Rover has sourced and localised a number of components, such as seats and wheels, to support the production of the Land Rover Discovery in Nitra delivering several thousand additional jobs in the automotive supply chain in Slovakia.

With the heart and soul of its business in the UK, Jaguar Land Rover’s investment in Nitra marks the latest step in the company’s global expansion strategy following the opening of its Chinese joint venture in 2014 and Brazilian plant in 2016, supported by contract manufacturing in India from 2011 and Austria from 2017.

“…It is the latest milestone in our long-term globalisation programme and the culmination of four years planning. As with our existing manufacturing facilities located in the UK, China, Brazil, India and Austria, this high-tech plant in Slovakia will complement and support our corporate, R&D and engineering functions headquartered in the UK,” said Ralf Speth CEO, Jaguar Land Rover.

Europe has the largest number of Jaguar Land Rover retailers with almost 800 outlets across 42 countries. Since the beginning of 2018, Jaguar Land Rover has sold more than 94,000 vehicles in Europe.

More For You

UK to lead European growth in 2025, predicts IMF

FILE PHOTO: A view of the Bank of England and the financial district, in London, Britain. REUTERS/Mina Kim.

UK to lead European growth in 2025, predicts IMF

BRITAIN is set to have the fastest growth among major European economies this year, according to the International Monetary Fund, a boost to finance minister Rachel Reeves who is under pressure over a slowdown since her party came to power in July.

The IMF has raised its forecast for British growth for 2025 by 0.1 percentage points to 1.6 per cent, making it the third-strongest among the Group of Seven advanced economies after the US and Canada.

Keep ReadingShow less
Reliance Industries

Revenue from operations rose 6.97 per cent year-on-year to £22.99 bn, with growth seen across all divisions. (Photo: Reuters)

REUTERS

Reliance Industries reports 7.38 per cent rise in quarterly profit

RELIANCE INDUSTRIES reported a 7.38 per cent year-on-year increase in profit for the December quarter on Thursday, driven by growth in its consumer-focused divisions.

The company, led by Mukesh Ambani, remains India’s most valuable by market capitalisation.

Keep ReadingShow less
India faces growth challenge
as global uncertainty mounts

Narendra Modi (left) and Nirmala Sitaraman

India faces growth challenge as global uncertainty mounts

AFTER world-beating economic growth last year, India’s policymakers are scrambling to prevent a sharp slowdown as worsening global conditions and declining domestic confidence undo a recent stock market rally.

Last Tuesday (7), Asia’s third-largest economy forecast 6.4 per cent annual growth for the fiscal year ending in March, the slowest in four years and below initial projections, weighed down by weaker investment and manufacturing.

Keep ReadingShow less
Tata Consultancy sees 5.6 per cent rise in revenue despite market challenges

Chief executive and managing director of TCS K Krithivasan

Tata Consultancy sees 5.6 per cent rise in revenue despite market challenges

INDIAN IT giant Tata Consultancy Services (TCS) posted a 5.6 per cent on-year rise in revenue for the December quarter last Thursday (9), after lower earnings in its key North American market.

The leader of India’s $254 billion (£208.4bn) IT sector, TCS is the second-largest company in India by market capitalisation and earns over 80 per cent of its revenue from Western clients.

Keep ReadingShow less
UK-GDP
The Canary Wharf business district including global financial institutions seen on June 22, 2023 in London. (Photo: Getty Images)

GDP rises just 0.1 per cent in November following Reeves’ budget

THE ECONOMY grew by 0.1 per cent in November, marking a slight recovery after contractions in September and October, according to data from the Office for National Statistics (ONS).

This modest increase followed chancellor Rachel Reeves’ October budget, which introduced significant tax hikes for businesses. However, the growth was weaker than the 0.2 per cent rise expected by economists.

Keep ReadingShow less