Honda confirms £267 million investment programme in Swindon
- Published on Thursday, 06 September 2012 11:58
- Posted by Scott Buckler
Honda today marks the launch of the new CR-V model as part of a £267 million investment programme supporting new models and engines at its Swindon UK plant. This is the single biggest investment into Honda's UK manufacturing base in over a decade
With the investment supporting the introduction of the new Civic and CR-V models and the 1.6 litre diesel engine for Honda Civic going into production in December 2012, 500 new staff have joined the facility this year, taking the total workforce to 3,500.
Business Secretary Vince Cable will be visiting the Honda site today to mark the announcement. He commented, "This multi-million pound investment by Honda in its twentieth year of car production in the UK is great news for Swindon and the automotive sector. Having created a host of new jobs, the investment supports government's ambition to encourage new investment and exports as a route to renewed growth and a more balanced economy."
Dave Hodgetts, Managing Director of Honda UK added, "This investment programme underpins Honda's commitment to manufacturing in Britain and to our UK workforce. It also reaffirms the Swindon plant's position as the cornerstone of Honda's European operations, as it has been for the past 25 years."
Paul Everitt, SMMT Chief Executive said, "Honda's announcement is excellent news for industry and will come as a tremendous boost to the Swindon-based workforce. Honda's commitment to the UK demonstrates the growing strength and competitiveness of our manufacturing sector and with jobs created to support new model programmes, it reinforces the wider economic impact of the news.
"Our manufacturing industry continues to drive recovery and with long-term investments being made across the automotive sector, it will play an increasingly important role in a rebalanced UK economy."
By the end of 2012, production at the Swindon plant is forecast to have doubled on last year's volumes, up to 183,000 units. Honda aims to increase that figure to 250,000 units per year, within three years.
Source: ©Honda UK