Thursday 17 January 2013

Automotive Supply Chains of the UK all Set for Expansion

Automotive industry of the UK has left its global competitors behind by becoming the 2nd largest market of the EU. The growth of the industry was particularly supported by the soaring consumer demand and a rapid rise in the public as well as private investment in the manufacturing supply chains of the country.

As Vince Cable claimed recently that the Automotive Council of the British Govt. has helped the private enterprises in identifying the supply chain contracts worth £1 billion in the UK, Nissan has announced that it will produce the latest model in its Infiniti line at its Sunderland plant.

As per the latest figures released by SMMT ( Society of Motor Manufacturers and Traders), there has been a steady rise in the demand for new cars in the country for the 10thsuccessive month. With this, the UK is all set to overtake France and become the second largest market in the EU.

A rise of about 11% was recorded in the registrations of new vehicles in November, making Britain on of the favourite choices among foreign manufacturers on the lookout for an operational base in European. Furthermore, SMMT has identified the Sunderland plant of Nissan as the biggest car factory in the UK for the 14th year running.

As per Nissan, the company will likely produce about 60,000 Infiniti models at the Sunderland site per year. The latest Nissan Infiniti car will be exported worldwide from this plant.

Once the project is kicked off, about 280 on-site positions will be created. Besides this, about 700 supply chain jobs will also become available in the factory.

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