Fortescue is significantly expanding its battery and electric powertrain production operations in the UK with the announcement of an additional state-of-the-art facility in Oxfordshire, creating more than 120 jobs.
Fortescue Chairman Andrew Forrest said the expansion is part of Fortescue’s commitment to grow its British presence through the recent integration of iconic British manufacturers WAE (formerly Williams Advanced Engineering).
“With Fortescue’s investment, British engineering will be at the cutting edge of the green energy economy with WAE’s battery systems providing world leading technology to the entire global industrial sector,” Dr Forrest said.
“It is heartening to have the UK’s Trade Secretary today at our factory in Oxfordshire to support this message of British technology excellence for both its people and its highly attractive working environment.”
The integration follows Fortescue gearing up to meet growing global demand for the development, manufacture, and supply of advanced electrification technology solutions to the off-highway sector.
This announcement follows the entry-into-force of the historic Australia – UK Free Trade Agreement which sees a key focus on next-generation manufacturing and capabilities.
The new Banbury facility will operate alongside Fortescue’s other Oxfordshire facilities including the Kidlington factory which will open later this year. The Banbury site, which covers 13,500m2, will be a purpose-built facility focusing primarily on manufacturing of heavy industry, electric/ zero-emission powertrain systems. It will offer automated assembly for battery modules and packs, assembly of power conversion and power systems, as well as truck and train production support.
The first prototype build is targeted for July/August 2023 with the first mining haul truck module due for completion in August 2023.
The site will officially open in 2024 and will create job opportunities across all levels, including apprentices and graduates, acting as showcases for a future rollout by WAE of further global high-tech manufacturing hubs.
Business and Trade Secretary Kemi Badenoch said:
“Fortescue’s investment in Oxford shows how this government is creating the right conditions to encourage cutting-edge advanced manufacturing companies to invest in the UK.
"This new state-of-the-art site will bolster the UK's electric vehicle supply chain and create over 120 highly skilled jobs, helping to grow our economy."