The Welsh Government has attracted a new auto manufacturer to Wales, creating up to 500 jobs on a site adjacent to the Ford plant in Bridgend.
Thanks to Welsh Government support, INEOS Automotive will be constructing a new bespoke 250,000 sq foot manufacturing and assembly plant at the Brocastle Business Park for the production of their new 4x4 Grenadier vehicle.
This new business area, adjacent to the established Bridgend Industrial Estate, will have capacity to accommodate a further 500,000 sq ft and the potential for many more jobs for expanding companies and other new investors into Wales.
To house this impressive new facility the company is purchasing 14 acres of land from the Welsh Government at market value and with development of the site infrastructure already underway, production of the new vehicle is projected to start as early as 2021.
Economy Minister Ken Skates said:
“This is a huge vote of confidence in the workforce and economy of Wales at an incredibly challenging time.
“Not only is this good news for Bridgend - and I am sure the first of many exciting announcements for the area - but it also proves that Wales remains an attractive place to invest despite ongoing Brexit uncertainty.
“Our work to support Bridgend in the wake of Ford’s proposals will not stop here and we will continue to do all we can to attract new business opportunities, to support Ford workers and to ensure an exciting future for the town.
“I am delighted to welcome INEOS Automotive to Wales and delighted that they are the latest in a line of prestigious companies to sign up to our Economic Contract, designed to drive growth and responsible business behaviours in companies. The health and wellbeing of workers is already an important part of INEOS’ ethos and this is evidenced in the Economic Contract.
“I look forward to seeing the site develop ready to begin production in 2021.
There will be capacity for the business and the employment to grow within the new building and on adjacent areas of the Brocastle Business Park.
INEOS Automotive are already in talks with 2 Wales-based component supply companies to support their work which could provide a further boost to the Welsh economy.