Automotive - - Feb 09,2017
Luxury supercar automaker McLaren set to build £50m chassis factory in South Yorkshire-producing 200 jobs.
A new McLaren chassis factory would be built at the University of Sheffield's Advanced Manufacturing Research Centre (AMRC) located near Rotherham.
AMRC said this move represents a "significant" comeback of car chassis manufacturing in regions situated north of England.
The construction of the facility is due to initiate in early 2017, with the complete production of advanced carbon fibre chassis by 2020.
The University of Sheffield and McLaren, which will officially declare the deal on Thursday, said two years of research and development would begin ahead of production.
Professor Keith Ridgway, of the AMRC, tagged the news as "tremendous" for the city and for broader UK manufacturing.
McLaren said it had been the first company to identify the exceptional properties linked to carbon fibre and had constructed its racing cars and road from the material since 1981.
The first pre-production chassis, which would be built using trial processes, is anticipated in the second half of 2017.
Mike Flewitt, of McLaren Automotive, referred the Sheffield facility as a "logical next step" for the supercar producer.
He added, the company will have access to some of the world's premium composites and materials research abilities and looks forward to constructing a “world-class facility”.
Jill Thomas, Sheffield Chamber of Commerce, acknowledged the marvelous work by the council, university and AMRC park for the efforts they have put in to bring McLaren in this part of England.
The new facility hopes to produce cost reserves of around £10m and £100m of gross value added benefit to the local economy by 2028. Moreover, opportunities for expansion later could create a drive of doubling that to £200m.