Ford Motors has entered a joint venture with Changan Ford Mazda Automobile (CFMA) which resulted in a new plant that will be put up in Chongqing China. The plant is scheduled to be completed by 2012 and is Ford’s ticket towards expanding in the Asian Pacific and African regions.
The new plant is said to be capable of producing 150,000 units a year which jacks up the total annual production capacity of the CFMA to 600,000 to cover the growing demands for Ford brands in China. The investment was said to be valued at $490 million.
The new, highly flexible facility will be equipped with state-of-the-art automation and utilize Ford’s global manufacturing processes and systems. Capable of producing a diversified range of products in the future, the plant will begin manufacturing Ford’s next-generation Ford Focus in 2012.
(Source) Press
Tags: african regions, art automation, asian pacific, cfma, changan ford, chongqing china, diversified range, flexible facility, ford focus, ford motors, joint venture, manufacturing processes, Mazda, mazda automobile, next generation, state of the art
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