Nec's (Pounds) 1bn Defeat Is the End of a Dream; Plans to Demolish Nec's (Pounds) 1bn Livingston Plant Are a Wake-Up Call to Those Who Saw Scotland's Manufacturing Future in Large-Scale Sites. Valerie Darroch Reports

Sunday Herald › November 23, 2004

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Summary

FOR months NEC trawled the world desperately seeking a buyer for its mothballed semiconductor plant in Livingston. Last week, forced to concede defeat, it called off the search and announced plans to raze the plant to the ground.

When the demolition crews move in, more than (pounds) 1 billion worth of investment will disappear in a cloud of dust, leaving behind a sprawling plot of almost 150 acres, one of the largest manufacturing sites in Scotland.

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Extract

Nec's (Pounds) 1bn Defeat Is the End of a Dream; Plans to Demolish Nec's (Pounds) 1bn Livingston Plant Are a Wake-Up Call to Those Who Saw Scotland's Manufacturing Future in Large-Scale Sites. Valerie Darroch Reports

Property experts estimate that at a rough price of (pounds) 200,000 per acre, the land may fetch some (pounds) 30 million. But that still represents a hit of more than (pounds) 970m, with a mix of NEC, property investors and the public sector taking it on the chin.

For Livingston in particular, and for the Scottis...

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