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Dyson goes abroad again
DYSON will open a new battery factory in Singapore while investing in technology centres for Bristol and Santo Tomas (Philippines).
Although the Singapore outlay will be ‘significantly larger’, the UK and Philippines investments will involve a respective £100 million (€113.4 million) and £166 million (€118.2 million).
This latest announcement confirms billionaire Sir James Dyson’s policy of basing manufacturing operations outside Britain while retaining research and development functions in the UK. These includes research and robotics facilities in Malmesbury and Hullavington in Wiltshire.
Great news
SPAIN’S Paradores continues to benefit from the tourism boom following the pandemic years. The stateowned chain of 100 hotels announced a turnover of €310 million last year, the first time that this has risen above €300 million in its 95 years of existence.
The good results continued during the first four months of 2023, with earnings between January and April rising by 1.4 per cent to €80 million, an unprecedented amount for that time of the year.
“These figures are formidable,” said Pedro Saura, the Paradores’ president. “They are better than we expected and promise very positive prospects for all of 2023.”
James Dyson, whose company is habitually linked to vacuum cleaners, was a prominent Brexit supporter, maintaining that the UK would gain more by leaving Europe than it would lose. Inevitably, he faced strong criticism in 2019 for relocating the company’s headquarters to Singapore, where it already owned factories.
