9.7.2012 BMW invests £250m in MINI UK
BMW today announced a further £250m investment in its UK manufacturing operations by the end of 2015 at its plant in Oxford, steel body pressings operation at Swindon and engine plant at Hams Hall near Birmingham.
This investment comes on top of the £500m UK investment announced in June 2011 and means additional job security for the 5,500 workforce in the UK MINI production network.
The announcement was made during a visit to MINI Plant Oxford by Business Secretary, Dr Vince Cable and Harald Krueger, Member of the Board of Management BMW Group, on the day when the Olympic Torch Relay will visit the plant.
Dr Vince Cable addressed company employees at Oxford, warmly welcoming the new investment, "BMW’s ambitious plans for MINI will ensure its UK sites at Oxford, Swindon and Hams Hall remain at the centre of MINI production worldwide. The investment of £250 million in addition to the £500 million last year demonstrates BMW’s commitment to the UK and safeguards jobs for the future."
According to Harald Krueger of BMW: “Over the last decade, MINI has been a unique global success and the BMW Group has even greater plans for the future development of the brand. Plant Oxford has played a major role in this with cars being exported to over 100 countries around the world. 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.”
As the volume and variety of the MINI model line-up grows, there will be additional production requirements for engines and body panels from the BMW Group’s specialist UK facilities in Hams Hall and Swindon. Part of the new investment is to develop specific production facilities to meet these requirements.
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