Aston Martin’s decision to build a new manufacturing facility in Wales and focus production of its new sports and electric cars at its Warwickshire headquarters is expected to create 1,000 new jobs by 2020 across the two regions.
The car manufacturer will begin repurposing facilities currently in use by the Ministry of Defence at the 90-acre site in St Athan next year, in order to begin producing the new Aston Martin crossover vehicle by 2020.
The company expects that more than 90% of what it produces at the site will be exported outside the UK, to markets such as China and the US.
It will also commence production of its new sports car at its Gaydon headquarters in Warwickshire next year, and a new electric car from 2018. Aston Martin plans to produce 7,000 sports cars a year by 2020.
The company anticipates that a further 3,000 new jobs will be created across the supply chain and local businesses, as a “direct result of these investments”.
Wales’ first minister Carwyn Jones said the Welsh Government had been working closely with Aston Martin for almost two years, “in the face of fierce competition from other potential sites across the world”.
“Our success today is testament to the reputation, dedication and skills of the Welsh workforce, all qualities that are synonymous with such a luxury, hand-crafted brand as Aston Martin,” he added.
Andrew Palmer, Aston Martin’s CEO, said: “Through a detailed evaluation of over 20 potential global locations for this new manufacturing facility, we were consistently impressed with the focus on quality, cost and speed from the Welsh government team.”