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Ineos to invest £600 mn in Welsh facility for Grenadier vehicle

Ineos to invest £600 mn in Welsh facility for Grenadier vehicle

Ineos Automotive is investing  £600 million to set up a facility in Bridgend, South Wales, for the production of its utilitarian 4x4 known as Grenadier.

This will create 200 jobs initially, and up to 500 in the long term. Site development is now under way to support planned start of production in 2021.

Ineos Automotive has also confirmed that in parallel, it will be investing in a sub-assembly plant in Estarreja, Portugal. The facility will produce the Grenadier’s body and chassis, working in conjunction with Ineos’s European supply chain partners.

Ineos Group Chairman Sir Jim Ratcliffe said: “We have looked long and hard at possible manufacturing locations for Grenadier across the world with lots of good options to choose from. The decision to build in the UK is a significant expression of confidence in British manufacturing, which has always been at the heart of what Ineos stands for.”

Welsh Government Economy and Transport Minister Ken Skates said: “Today’s announcement is great news for Wales and I’m delighted INEOS Automotive will be setting up home in Bridgend which has a long history of skilled manufacturing expertise. The Welsh Government has worked closely with the company to make this happen and I look forward to seeing the development of the new site progress ahead of the planned start of production in 2021.”

Dirk Heilmann, CEO of Ineos Automotive, commented: “Confirming production in the UK, as well as our investment in Portugal, is a major milestone for the project.  We are progressing well with the design and engineering work, as well as our marketing and distribution plans.  In the months ahead, we look forward to sharing more information about the Grenadier, and engaging with local suppliers, the community and region, in advance of the start of production in 2021.”


(IMA)


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