Ford to start building new plant in east China in 2011
Published on December 15, 2010 by Tycho de Feyter
Ford will build a new plant together with partner JMC. Ford has a 30% stake in JMC, they currently produce two vans: the old ’06 Transit and the new Tansit. The new factory will likely produce commercial vehicles since all Ford’s passenger car operations are concentrated at the joint venture with Chang’an Automobile. More from ChinaDaily:
NANCHANG – Ford Motor said Monday it will begin construction on a new plant in Nanchang city, capital of east China’s Jiangxi province, next year. The plant will begin operations in 2013, Ford Asia-Pacific and Africa President Joe Hinrichs said at a meeting with Jiangxi Governor Wu Xinxiong.
Hinrichs did not give further details concerning the plant. Ford hopes to boost Nanchang’s automobile industry and will increase its stake in Nanchang-based Jiangling Motors Co (JMC), Hinrichs added.
Ford has a 30 percent stake in JMC. The two companies have been strategic partners since 1995. Jiangxi provides Ford with a great opportunity for development as the province has low costs and huge potential for economic growth, Wu said.