MINI announces further £250m investment in UK manufacturing
10 Jul 2012
BMW Group announced on Monday 9th July, a further £250m investment in its UK manufacturing operations by the end of 2015 at its plants in Oxford, Swindon and Hams Hall. This is to support the company’s international growth strategy for the MINI brand with increasing volumes and up to 10 different models in the new line-up in the mid-term. It comes on top of the £500m UK investment announced in June 2011 and means additional job security for the 5500 UK associates working in the MINI UK production network. This brings the total BMW Group UK investment to £1.75 billion since 2000.
The announcement was made during a visit to MINI Plant Oxford by Business Secretary , Vince Cable and Harald Krueger, Member of the Board of Management BMW Group. The extra volume for the growth strategy of the MINI brand and the complexity of new model lines means that additional production capacity for MINI sales beyond Oxford’s maximum capacity is needed in the medium term and the company is now considering how to achieve this.
“Our preferred option is to establish a contract manufacturer as a satellite production operation as close to our UK operations as possible” explained Krueger. BMW is in discussions with the NedCar plant in The Netherlands but as yet no agreement has been signed.
He added. “Just as Munich is the centre of the BMW world, Oxford is and will remain the home and the heart of MINI. Over the last eleven years, MINI has been a unique global success and the BMW Group has even greater plans for the future development of the brand. This additional investment is great news for all our employees in the UK and shows the BMW Group’s commitment to Britain as a vital manufacturing base for us.”
MINI announces further £250m investment in UK manufacturing
10 Jul 2012
BMW Group announced on Monday 9th July, a further £250m investment in its UK manufacturing operations by the end of 2015 at its plants in Oxford, Swindon and Hams Hall. This is to support the company’s international growth strategy for the MINI brand with increasing volumes and up to 10 different models in the new line-up in the mid-term. It comes on top of the £500m UK investment announced in June 2011 and means additional job security for the 5500 UK associates working in the MINI UK production network. This brings the total BMW Group UK investment to £1.75 billion since 2000.
The announcement was made during a visit to MINI Plant Oxford by Business Secretary , Vince Cable and Harald Krueger, Member of the Board of Management BMW Group. The extra volume for the growth strategy of the MINI brand and the complexity of new model lines means that additional production capacity for MINI sales beyond Oxford’s maximum capacity is needed in the medium term and the company is now considering how to achieve this.
“Our preferred option is to establish a contract manufacturer as a satellite production operation as close to our UK operations as possible” explained Krueger. BMW is in discussions with the NedCar plant in The Netherlands but as yet no agreement has been signed.
He added. “Just as Munich is the centre of the BMW world, Oxford is and will remain the home and the heart of MINI. Over the last eleven years, MINI has been a unique global success and the BMW Group has even greater plans for the future development of the brand. This additional investment is great news for all our employees in the UK and shows the BMW Group’s commitment to Britain as a vital manufacturing base for us.”