Expansion by Ford will create 480 jobs
Wednesday 18 October 1995
The UK government is giving pounds 10m to help fund the expansion at Bridgend, which fought off competition from Ford's factory at Valencia, Spain.
Engines for Ford's Mondeo are built at the Bridgend site, which will now start producing the Zetec 1.25-litre engine used in the new Fiesta being launched today at the London Motor Show.
Alex Trotman, Ford's chairman, said yesterday that he expected the Bridgend plant to produce another 550,000 engines a year from mid-1998, boosting total output beyond 1 million. He believed the "ripple effect" of the investment would generate another 600 jobs in the components industry.
"The UK is one of the most important production centres for Ford world- wide and our plants have improved their reliability and competitive position considerably in recent years," Mr Trotman said. Earlier this year Ford said it was investing pounds 200m in a new diesel engine programme at Dagenham.
The new Fiesta is being built at Dagenham and at Cologne, Germany. The Valencia factory, which already builds the Zetec engine, produces the old Fiesta, now called the Fiesta Classic, and has been chosen to build an even smaller Ford.
The UK is the largest producer of Ford engines outside America, and output last year from Bridgend and Dagenham topped 1 million. The Government's grant still has to be approved by the European Commission, which is currently considering the UK's aid to Ford's subsidiary Jaguar.
Ford said the money for Bridgend was "important" in deciding to invest in the UK, but emphasised that it was one of several factors. The Bridgend plant, opened in 1979 and now employing 1,300 people, had made great improvements in competitiveness and quality, underlined by the fact that it now makes Jaguar engines.
Despite sluggish UK new car sales, there is no shortage of confidence in Britain as a manufacturing base.Toyota has already committed itself to a big expansion of its Burnaston plant, Derbyshire, while Rover is due to make a decision about a new engine facility within six months. Nissan, Peugeot and Vauxhall all have expansion plans in the pipeline.
- 2 Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
Rowan Atkinson to sell £10 million McLaren 'supercar' he crashed into a tree and a lamppost
UK weather: Snow to fall in the coming week with sub-zero temperatures to last until early February
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Warriors in ancient Iraq suffered Post-Traumatic Stress Disorder more than 3,000 years ago, say researchers
US blames Russia after rocket attacks in Ukraine kill at least 30
Nigel Farage: NHS might have to be replaced by private health insurance
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
British Muslim school children suffering a backlash of abuse following Paris attacks
George Galloway condemns 'racist, Islamophobic, hypocritical rag' Charlie Hebdo at freedom of speech rally
Islamic history is full of free thinkers - but recent attempts to suppress critical thought are verging on the absurd
iJobs Money & Business
Negotiable: Recruitment Genius: A Tax Assistant is required to join a leading ...
£16000 - £25000 per annum: Recruitment Genius: This is an exciting opportunity...
£45000 - £47000 per annum + bonus + benefits: Ashdown Group: Java Developer / ...
£35000 - £38000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...