Demand for injection moulding and product design services in the British automotive industry may rise over coming months and years.
Despite the difficult economic conditions, the sector is experiencing a period of growth. In a recent development, Honda announced its biggest UK investment in more than ten years. The Japanese manufacturer will spend £267 million to support new models and engine lines at its Swindon plant.
This is the single biggest investment into the base in more than a decade and it marks the launch of its new Civic and CR-V models, and the 1.6 litre diesel engine for the Civic.
Meanwhile, by the end of this year, production at the facility is forecast to have doubled on last year’s volumes. Up to 183,000 units will have been produced. Honda is aiming to increase this yet further to 250,000 units per year within the next three years.
Business secretary Vince Cable visited the Honda site following the announcement. He stated: “This multi-million pound investment by Honda in its twentieth year of car production in the UK is great news for Swindon and the automotive sector. Having created a host of new jobs, the investment supports government’s ambition to encourage new investment and exports as a route to renewed growth and a more balanced economy.”
Meanwhile, Paul Everitt, chief executive of the Society of Motor Manufacturers and Traders, added: “Honda’s announcement is excellent news for industry and will come as a tremendous boost to the Swindon-based workforce.”
He went on to state that the firm’s commitment to Britain shows the growing strength and competitiveness of the country’s manufacturing sector.
In order to function effectively, many firms, including those involved in car production, require injection moulding and product design services. These days, it is easy for organisations to source assistance of this kind.