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  1. #1
    Banned Muadib's Avatar
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    Ford to Build $450M Plant in Thailand

    TheStreet.com

    Ford to Build $450M Plant in Thailand
    By Financial Times

    06/24/10 04:37 AM EDT

    Ford (F:NYSE) is to build a new $450 million car plant in Thailand, increasing its production capacity in southeast Asia by more than 50%.

    The new plant is part of a major emerging markets expansion scheme by the U.S. carmaker, which has doubled its capacity in India to 200,000 vehicles a year and is in the process of expanding its annual Chinese output from 450,000 to 600,000 vehicles. Ford has also made similar investments this year in Brazil and Argentina.

    The new factory, which will have a capacity of 150,000 vehicles a year, is scheduled for completion in 2012 and is designed to feed growing demand from the 580 million people living in the 10 countries belonging to the Association of South East Asian Nations.

    It will be built on a greenfield site south of Bangkok, and although initially geared to producing the mid-size Ford Focus, will be flexible enough to handle different platforms. Some 85% of the production will be exported.

    JD Power estimates that the mid-size car market in four of the biggest Asean economies -- Thailand, Malaysia, Indonesia and the Philippines -- will expand by almost 40% in the next five years.
    Give a man a match, and he'll be warm for a minute, but set him on fire, and he'll be warm for the rest of his life.

  2. #2
    Thailand Expat
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    interesting development.
    Did i read somewhere recently that mazda was moving some production from Thailand to Indonesia? mazda/Ford partners?
    maybe it's my oldtimers catching up with me.

  3. #3
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    Anyone know anyone that works for Ford in Thailand ? Interesting...

  4. #4
    Thailand Expat
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    Any one know who will put the plant in could be a good way of making some dosh.

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