06 Aug 2012
Major investment on back of JLR orders
Automotive supplier IAC has invested £3.5 million in its Solihull and Scunthorpe plants after winning major contracts from Jaguar Land Rover (JLR). The company, which purchased five additional injection moulding machines, says the two facilities have full order books until the early 2020s as a result of the launch of the new Evoque, along with on-going production of the Range Rover. Orders are also expected for the new Range Rover Sport, yet to be launched.
Isabell Auer, IAC’s corporate communications manager, said: “This new business adds content, as IAC has managed to secure products that the group had previously not manufactured. To meet the customer’s demand, additional manufacturing capacity became necessary. The company bought five brand-new Krauss Maffei injection-moulding machines with capacities ranging from 1,000 to 2,700 tonnes. The investment is significant, as it will help IAC deliver key cabin trim and exterior products to both the new Range Rover and the new Range Rover Sport.”