The British Automaker, Aston Martin, which is majorly owned and funded by the Kuwaiti company, Investment Dar, has decided to carry a significant expansion in its engineering, manufacturing and commercial facilities.
As the luxury carmaker is all set to produce the next generation sports cars in the coming few years, it needs a new and improved state-of-the-art structure to perform its operations more efficiently. The company has claimed that it will cover an extra 10,000 square metre near its existing production facility at Gaydon, Warwickshire, UK.
Investment Dar, that owns most of the shares of this company, has been in contact with the creditors and has made settle-in-kind offer to them. You may know that Investment Dar became a major investor of Aston Martin after refinancing the company’s debt in 2008.
The latest extension of the covered area will not only increase the operations of the company, but will also bring a new recruitment drive. The company will soon be hiring 250 skilled and experienced individuals in different functional areas across the organization.
The development work has been underway for years now, and is expected to complete by the end of 2015.