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INEOS Automotive acquires Hambach production site from Mercedes-Benz

INEOS Automotive has acquired the manufacturing facility at Hambach from Mercedes-Benz and will start to build its Grenadier 4x4 there in late 2021. The acquisition secures the future of the site and safeguards many jobs that might otherwise have been lost. Manufacturing at Hambach ensures that INEOS remains on track to meet its plans to deliver the Grenadier to customers in early 2022.

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One of Europe’s most modern automotive manufacturing sites, Hambach is home to a highly experienced and capable workforce, has an excellent track record among Mercedes plants for the quality of its output, and recently benefited from a major investment to enable the production of larger vehicles. Additionally the site’s location on the French-German border, only 200km from Stuttgart, gives excellent access to supply chains, automotive talent and target markets.

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Under the terms of the acquisition, Mercedes-Benz will contract INEOS to continue to produce the smart EQ fortwo and some Mercedes-Benz components at Hambach. When combined with INEOS’s plans for the Grenadier, this translates into some 1,300 jobs at Hambach, including commitments to onsite suppliers.

We are in the midst of a major transformation of our company and aim to successfully shape it for the future. To this end we are investing heavily in our electric offensive and comprehensive digitalization. In doing so, we must make the company even more efficient and, in this respect, the optimization of our global production network is a very decisive lever. The sale of our Hambach plant is therefore an important step in this direction.

For us the focus was on implementing this sale in a socially responsible manner and securing jobs. Together with social partners, government representatives and the buyer, INEOS Automotive, we have found a viable solution for Hambach that offers the facility clear prospects for the future.

—Markus Schäfer, Member of the Board of Management of Daimler AG and Mercedes-Benz AG, responsible for Daimler Group Research and COO Mercedes-Benz Cars

In 2017, INEOS Chairman Jim Ratcliffe, a car enthusiast and experienced adventurer, identified a gap in the market for a stripped back, utilitarian, hard-working 4x4 engineered for modern day compliance and reliability. INEOS Automotive Limited was formed and a senior team of automotive professionals assembled to bring the vision to reality with a fresh perspective of 4x4 development and manufacturing.

Combining rugged British spirit and design with German engineering rigor, the Grenadier will be an uncompromising 4x4 built from the ground up. Engineered to overcome all conditions, it will provide best-in-class off-road capability, durability, and reliability to those who depend on a vehicle as a working tool, wherever they are in the world.

INEOS Automotive is a subsidiary of INEOS Group, a leading manufacturer of petrochemicals, speciality chemicals and oil products. It employs 22,000 people across 34 businesses, with a production network spanning 183 manufacturing facilities in 26 countries. In 2019, INEOS had sales of circa $61 billion and EBITDA of around $6 billion.

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