Honda invests £267 million in Swindon plant

Carmaker Honda says investment at its UK plant in Swindon has reached £267 millio- with plans to further increase production.Honda invests £267 million in Swindon plantThe money will support the introduction of its new Civic and CR-V car models and a new 1.6-litre diesel engine.

The site is expected to produce 183,000 cars this year, with output forecast to rise to 250,000 within three years.

About 500 workers have been recruited this year in the firm’s biggest single UK investment programme for a decade, raising the total workforce to 3,500.

Honda said Swindon remained the “cornerstone” of its European business.

Honda’s Swindon factory builds cars and engines for export to more than 60 countries in Europe, the Middle East, Africa and Australia.

However Dave Hodgetts, managing director of Honda UK, said that about 40% of Swindon’s production was sold in the UK.

“Sales in the UK are up about 10%, so we are in a strong position,” he said. “Europe is not quite so good, but is holding up.”

Honda has now invested more than £1. billion in the 370-acre Swindon site.

Mr Hodgetts said: “This investment programme underpins Honda’s commitment to manufacturing in Britain and to our UK workforce.

“It reaffirms the Swindon plant’s position as the cornerstone of Honda’s European operations, as it has been for the past 25 years.”

September 21, 2012  Tags: , , , , , , , , ,   Posted in: Business Exports, Business Growth, Business Jobs, Business Profits, Business Sales, Business Win, Exporting Businesses, Global Businesses, Growing Business, Growing Jobs, Growing Profits, Growing Sales, Uncategorized

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