Dyson committed a $2.6 billion CAD (£1.5 billion) investment to future technology, including a $1.7 billion CAD (£1bn) for the research and development of new product technologies. Dyson is developing four new portfolios of technology and will launch 100 new products around the world in the next four years. Hit jump for the full details.
James Dyson, Founder and Chairman “Our growth is fuelled by technology and we are thinking long-term. 90 per cent of our technology is sold abroad, we’re quickly growing across Asia, and it’s phenomenal to think that we are now number one in the home of technology – Japan. It is like selling coal to Newcastle. But we must relentlessly invent – that’s why we are investing in our research footprint here in the UK and investing in our manufacturing capabilities in South East Asia.”
The news comes as work begins on the first phase of a $443 million CAD (£250m) campus expansion in Malmesbury, which will create up to 3,000 jobs. It will boost Dyson’s external research programme with leading British Universities in which it plans to invest $88 million CAD (£50m) over the next four years.
The first new research building, due to open in early 2016, will house laboratories for research and development into future technologies. It will be constructed of an advanced, high performance, structural glass system that reflects, so that it blends into its surroundings and internal heat gains can be managed. It will be heated using a ground source heat pump and powered by solar cells on the roof, making it carbon neutral and one of the most environmentally friendly commercial buildings in the UK.
To respond to international growth and increasing technology portfolios, Dyson has also invested $355 million CAD (£200m) in new facilities in South East Asia to test, commercialize and manufacture its new technology. Four additional production lines have been built at Dyson’s advanced motor manufacturing facility in Singapore which will increase motor manufacturing capacity to 11 million motors per year.
Asian Growth:
In 2013, Dyson became the market leader (by value) in Japanese floor care for the first time and has consolidated that position during 2014 taking the top spot on volume too. Dyson is also market leader (by value) in Taiwan and Hong Kong and growth in China is strong, as Chinese consumers quickly adopt Dyson technology.
Long-term investment:
Dyson invests one-third of profits into research and development for its future technologies. Dyson has 2,000 engineers of which half are in the UK.
Recruitment is already underway for a new cohort of engineers to broaden Dyson’s world leading electronic motor research projects; robotics and electronics research programmes and increase research into noise cancelling acoustic technologies. 300 new roles are currently live: Hardware/Software/Robotics Specialists wanted!
-ENDS-
For more information contact Jessica Danziger-Lin at 416-323-4001 or e-mail jessica.danziger-lin@dyson.com.
Notes to editors:
Key numbers:
[if !supportLists]· [endif]70: 90 per cent of Dyson technology is sold overseas; it is now available in over 70 countries worldwide.
[if !supportLists]· [endif]300: Dyson is recruiting 300 engineers to its engineering team now. They will join a team of over 2,000 engineers and scientists.
https://www.careers.dyson.com/rdd/default.aspx
[if !supportLists]· [endif]$9 million CAD (£5m): Dyson works with over thirty universities to develop early stage technologies, including a $9 million CAD (£5m) investment in a joint robotics lab with Imperial College London, and a Chair of Fluid Mechanics at University of Cambridge.
[if !supportLists]· [endif]50 million: In 2013, Dyson produced its 50 millionth machine. In November, Dyson expects to sell one million machines around the world.
[if !supportLists]· [endif]$585 million CAD (£330m): Dyson is one of the UK’s largest single tax payers and one of its most successful employers, investors and exporters. We reinvest a third of our profits into new product development – to drive our future growth. In the past three years Dyson family companies have paid $585 million CAD (£330m) in UK tax.
[if !supportLists]· [endif]$2.1 million CAD (£1.2bn): Long term investment in Dyson’s digital motors, and new cordless vacuum technology fuelled sales, and pushed turnover to $2.1 million CAD (£1.2bn) in 2012.
[if !supportLists]· [endif]3,000: Over the last four years Dyson has taken on more than 1,000 new engineers. The new $443 million CAD (£250m) campus expansion will look to create a further 3,000 jobs. Electronics engineering will be a focus. This year Dyson have hired more than 50 new members to the team and by mid-2015 the hope is to have another 70 on board.
Dyson Malmesbury expansion
[if !supportLists]· [endif]Alongside the new technology campus will be a multi-sports facility for Dyson people. It will include a sports pitch, showers, gym, changing facilities and an area for bicycle parking to encourage Dyson people to cycle to work.
[if !supportLists]· [endif]The expanded Dyson facility will include a new café for Dyson engineers. Food will be locally sourced where possible, as is already the case at Dyson’s existing premises. Dyson’s Chef is the former Head Chef at Marco Pierre White’s, Michelin starred restaurant L’Escargot restaurant in Soho.
[if !supportLists]· [endif]The new R&D facility will be highly secure, allowing Dyson engineers to work confidentially on technologies many years from launch. All staff will be required to provide biometric scan to enter the building.
[if !supportLists]· [endif]A new car park will be built with space for nearly 600 vehicles. It will be heavily landscaped and planted, in order to screen it from the local environment. Extensive wildlife habitat and outside space for Dyson people will be fostered.