Mercedes-Benz will invest 1 billion euros in its plant in Vitoria-Gasteiz

The multinational Mercedes Benz confirmed his this Tuesday investment from around 1000 million euros in the factory in Vitoria-Gasteizthe largest in the company’s entire van division.

This Tuesday, the largest company in the Basque Country, with about 5,000 direct jobs, will hold the presentation ceremony for the expansion and adaptation of its facilities to produce new electric vans from 2026.

At an earlier meeting, the global director of Mercedes Benz Vans said: Mathias Geisen has confirmed the multinational’s investment in the Vitoria-Gasteiz plant of approximately 1,000 million euros.

This work will mean that the more than 696,000 square meters that the factory now has will become something 800,000 square meters to produce its new electric vans from 2026, a project that, according to the German multinational, “guarantees the long-term viability” of the Alava factory and “ensures the employment of its 5,000 direct employees for years to come.” .

The expansion work and construction of new production buildings at the plant, which started in 2023, are expected to be completed. by 2025.

Geisen has emphasized that last year was a record for the division 448,000 vans sold8% more than last year, with a total turnover of 20 billion euros and an Ebitda of 3 billion.

He emphasized the “flexibility” of the Vitoria plant to adapt to the needs of production and the market, which also had a record production of 157,000 units last year, a “very successful” year according to the director. Bernd Krottmayer.

Krottmayer has referred to employment at the factory, now some 5000 direct jobsand has said that the company is currently training its staff to adapt to the “new production methods”.

The lehendakari, Inigo Urkullu, has encouraged to “continue to work in trust and cooperation” to secure the future and roots of Mercedes-Benz in the Basque Country in the coming years. Moreover, he has defended that the Basque Country is a place “to invest in” and that he will “continue to take steps to continue to gain attractiveness and competitiveness.”

For his part, the President of the Spanish Government, Pedro Sanchezemphasized that Mercedes Benz decided seventy years ago that the capital of Alava was “a good place to build a project for the future.”

“A large company like yours does not risk its capital without knowing that there is no solid foundation on which a large project like this can be built, and that is what Vitoria, Euskadi and also all of Spain offer today: solid reasons for confidence ”, he assured.