Jaguar Land Rover China (JLR) has been named the winner of the Rising Star category at the prestigious Cathay Pacific China Business Awards 2012, which took place at London's Mandarin Oriental Hotel on Friday, 18 January 2013. The Rising Star Award recognises dynamic and innovative businesses which have opened operations in China within the last five years and demonstrate entrepreneurial flair.
"We are honoured by the recognition from both the organiser and the judging panel. The award is a great encouragement for Jaguar Land Rover China and is highly valued by us," said Bob Grace, President of Jaguar Land Rover China. "We have developed rapidly following the establishment of the National Sales Company in China in 2010, and since then have tripled our yearly sales performance by 2012, a result of successful investments and sales network expansion, product launches, enhanced after‑sales service, etc. We will enter 2013 armed with a long‑term development strategy to further deepen our roots in China."
With trade opportunities between the West and China continuing to build on an annual basis, Cathay Pacific's eighth annual China Business Awards acknowledge and celebrate UK and Irish business dynamism and success in China and Hong Kong. The achievements of the winning organisations were recognised at the awards ceremony by HSBC's Global Head of Trade & Receivables Finance at HSBC, James Emmett and Cathay Pacific's General Manager Europe, Angus Barclay, in front of a room of leading dignitaries from the UK, China and Hong Kong; including Lord Wilson of the House of Lords and Lord Wei of the House of Parliament.
A panel of judges made up of senior representatives from Cathay Pacific, The China‑Britain Business Council, HSBC and The Daily Telegraph reviewed numerous entries before choosing JLR as the winner of the Rising Star Award.
JLR vehicles were first introduced to the market in 2003. In response to the fast development of the China market, JLR established a National Sales Company in China in July 2010. In April 2011, the company opened a regional office in Beijing. It is currently preparing to build a new regional office in Guangzhou. Currently, the company employs over 250 people in China, with more than 85 per cent of the workforce being Chinese. It attaches great importance to China, JLR's fastest growing and largest market worldwide.
The judges all agreed that as a new entry in China, JLR became extremely successful from the moment it opened operations in the region. They were impressed by how JLR efficiently managed its business with a global view, whilst maintaining its British legacy, with financial results that spoke for themselves: JLR China sales reached over 73,000 vehicles in 2012, a growth of more than 70 percent. In November JLR performed a ground breaking ceremony at a one billion pound production centre at Changshu near Shanghai ‑ a joint venture with the Chery Automobile Company.
Angus Barclay, General Manager Europe, Cathay Pacific, said: "These awards celebrate and reward talent, innovation and entrepreneurial spirit for which the UK and Republic of Ireland are renowned. The standard of entries has been consistently high in recent years with stiff competition and we hope that the business awards will encourage other businesses and provide them with the opportunity to receive the recognition they deserve."
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Notes to editors:
- Jaguar Land Rover has ambitious plans for sustainable growth and profitability.
- Jaguar Land Rover will invest circa £2bn in its products and facilities in the financial year to March 2013.
- Jaguar Land Rover employs 25 000 people and sells vehicles in more than 170 countries around the world.
- Jaguar Land Rover has recruited over 8,000 people in the last two years.
- Jaguar Land Rover is building a state of the art advanced engine facility at i54 South Staffordshire Business Park investing £355m and creating 750 new jobs. Construction commenced on 20th June 2012 and is on‑going.
- Jaguar Land Rover makes a significant contribution to the UK economy contributing £7bn GVA in the last financial year.
- One of the UK's largest exporters by value (£8.2bn in 2011) and generates in the region of 85% of its revenue from exports.
- 12 months to 31 March 2012, JLR generated PBT of £1.5bn with revenues of £13.5bn
For more information, please contact:
Olivia Brook, Senior Communications Officer, International
M: + 44 (0) 7887 451616 E: obrook@jaguarlandrover.com