Jul 7, 2020

Ineos puts Welsh and Portuguese plants on hold as it eyes French site

Ineos has put work on its Welsh and Portuguese car plants on hold while it talks to Mercedes-Benz about buying an existing facility in France to make its first vehicle, in a move that jeopardises the creation of up to 1,000 jobs. The Welsh site is near to the Ford Bridgend engine plant that is closing, providing a lifeline for many of the staff at the facility. A £445m upgrade in 2018, allowing it to make sport utility vehicles, means the site would now be suitable to build the larger vehicles planned by Ineos. Ineos plans to make 25,000 Grenadier vehicles a year once production is ramped up, but also has plans for a family of future models based at its Welsh site. Daimler, which owns Mercedes, has put the French site up for sale to cut costs and streamline its production network.

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