(Title Image: Ineos via ITV Wales)
The chemicals company, Ineos, has selected a new business park to the south of Bridgend as the site of a new factory to assembly an off-road vehicle to called the Grenadier, which will compete with Land Rover.
The Brocastle business park is immediately to the south-east of the Bridgend Ford engine plant, which will close in 2020 with the loss of up to 1,700 jobs. It’s expected that the 250,000 sqft Ineos factory will create 500 jobs when fully operational.
Economy Minister, Ken Skates (Lab, Clwyd West) said: “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.”
It’s reported that the Welsh Government will provide around £10million alongside unspecified support from the UK Government. The Minister also confirmed that the announcement doesn’t affect support for Ford workers and the Bridgend economy resulting from the Ford closure.