16 March 2017

Toyota to invest quarter of a billion pounds into Burnaston

Toyota is set to invest almost a quarter of a billion pounds into its plant at Burnaston in Derbyshire.

The plant, which makes the Auris and Avensis models, will receive a £240m investment from the company to enable it to produce vehicles using the company’s new Toyota New Global Architecture (TNGA) platform. The investment also includes £21.3m from the UK government, which will be used for training, R&D and enhancements of the plant’s environmental performance.

By 2020, Toyota aim to build the majority of its vehicles using the new TNGA platform. The company has launched a global programme to upgrade its manufacturing sites to be able to produce TNGA vehicles.

Dr Johan van Zyl, president at CEO of Toyota Motor Europe, said: “Our investment demonstrates that, as a company, we are doing all we can to raise the competitiveness of our Burnaston plant in Derbyshire.”

The news comes in spite of warnings from the Society of Motor Manufacturers and Traders (SMMT) in January that Brexit had reduced the motor sector’s competitiveness and would jeopardise future investment in automotive manufacturing in the UK. Further commenting on the news, van Zyl warned that “continued tariff-and-barrier free market access between the UK and Europe that is predictable and uncomplicated will be vital for future success.”

Commenting on the news, Stuart Apperley, Director Automotive, Lloyds Bank Commercial Banking, said: “This move by Toyota is a huge and welcome vote of confidence in the UK’s automotive sector, its workers and its future.

“Britain’s automotive industry is the biggest exporter in the manufacturing sector and, despite the uncertainty caused by impending negotiations to leave the EU, our research* shows firms are looking to the future. They have plans to invest an average of a fifth of turnover and expect revenue growth of 15% over the next two years.

“The hope is that Toyota’s announcement will encourage other manufacturers to continue to invest in the UK, particularly with the opportunities presented by developments like driverless cars and electric.”

Chris Beck

Supporting Information

This material is protected by MA Business copyright
See Terms and Conditions.
One-off usage is permitted but bulk copying is not.
For multiple copies contact the sales team.

Do you have any comments about this article?

Add your comments




Your comments/feedback may be edited prior to publishing. Not all entries will be published.
Please view our Terms and Conditions before leaving a comment.

Related Articles

1000 SMEs gain from MGP

The Manufacturing Growth Programme (MGP), a new £9.7m business support ...

Manufacturing Council launched

The Confederation of British Industry (CBI) is to establish a new Manufacturing ...

British-built CV exports rise

Exports of British-built vans, trucks and buses rose 11.6% in the first six ...

Back to the future

For more than 70 years, Works Management’s manufacturing magazine has been the ...

A valuable asset

Chris Beck explores how asset finance can help manufacturers, and particularly ...

CI Dilemma: ‘hoshin kanri'

Strategy deployment goes up in smoke the moment the heat’s turned up on ...

Rebalancing the Economy

Leading academics have criticised government "empty rhetoric" around ...

Dr. Martens collection

The Dr. Martens Heavy Industry collection has been skilfully crafted to ...

Managing a workforce

A company that was born out of wartime necessity but which spearheads the ...

T Cards Online system a hit

Meggitt PLC is a global engineering group specialising in extreme environment ...

Employment Law SOS

Tracey Marsden of Nabarro LLP looks at redundancy pay and malicious staff ...

MMS exhibitors: 123 Insight

In November Works Management is launching the Manufacturing Management Show ...

MAS suicide

The government has axed a Manufacturing Advisory Service that added nearly £5bn ...