A state-of-the-art plant was to be built in Bridgend to create around 200 short-term jobs and it was hoped that it could employ up to 500 people in the longer term. The site clearing work had already started.
The plant is said to have been built next to the existing Ford engine plant in Bridgend, which is set to close this fall with the loss of 1,700 jobs.
Economy Minister Ken Skates said:
it would be “a real blow if Ineos reneged on its very public commitment”.
“I told the CEO that leaving Bridgend at this late stage, after so much effort and money invested in preparing the site, would be a terrible decision for Wales and the UK,” said Mr. Skates.
“We have made clear to the company the importance of honoring its commitment to Wales and keeping its promise to build a British icon here in Britain.”
The petrochemical company Ineos is owned by pro-Brexit billionaire Sir Jim Ratcliffe – named the fifth richest man in Britain by the Sunday Times this year.