JATCO makes strategically important investment
Japanese automotive supplier JATCO has opened its first European manufacturing plant at the International Advanced Manufacturing Park, near Sunderland, in a move which will create more than 180 new high value jobs and support over 400 within the wider supply chain.
At the launch of the new plant, JATCO CEO, Tomoyoshi Sato, spoke of his pride in opening the new £47.8m plant which will produce electrified powertrains, many of which are expected to supply Nissan's all-electric models, which are produced nearby.
Business and Trade Secretary Jonathan Reynolds praised the contribution that the investment will make to economic growth and to the creation of a globally competitive electric vehicle supply chain in the UK.
Supporting inward investment
DWF has supported JATCO in the build up to the opening of the new manufacturing facility, including on the establishment of a new UK subsidiary together with related issues such as Subsidy Control compliance, commercial contracts, real estate and employment law.
Alexander Rose, Commercial and Competition Partner in DWF's Newcastle office said "It's been great working with JATCO to support the opening of their first European manufacturing plant. This inward investment will make a meaningful contribution to the UK's automotive supply chain and create new, high skilled jobs, in the North East of England."
Lee Pickett, who leads DWF's Newcastle office said "This is an excellent example of the support the team can offer to inward investors, bringing together local knowledge with market leading expertise."
DWF is the largest law firm with an office in the North East of England and offers a dedicated inward investment service, including specialist advice on issues such as Subsidy Control, Immigration & Global Mobility, Real Estate and Commercial Contracts.
