Cosworth to create 70 jobs with new ‘centre of excellence’

14 October 2013 #SMMT News

Cosworth has announced plans for a new £30 million manufacturing facility in Northampton, which will lead to the creation of around 70 jobs.

The ‘centre of excellence’ will implement advanced technologies, with Cosworth having signed deals with two currently unnamed companies to supply engine components. In addition to the 70 jobs directly created, it is estimated that the investment will spawn a further 200 jobs in the supply chain.

The firm, which will celebrate its 50th anniversary next year, is said to be investing between £25 million and £30 million in the project. Work on the new facility is due to start in early 2014, with operations expected to be ramped up to full capacity by mid-2015.

Hal Reisiger, CEO, Cosworth Group Holdings Ltd, said, “We are targeting limited production performance car manufacturers, and are excited about breaking ground in our new facilities to celebrate our 50th birthday.

“The facility will be doing a number of different things. There will be a centre of excellence that will include research and development, new internal combustion engine technologies, and supply chain management initiatives.”

Cosworth’s future plans will be outlined in more detail in November.

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