22:56 (GMT +7) - Saturday 28/11/2020

Business

Ford Vietnam announces $82mn expansion to Hai Duong assembly facility

Released at: 14:03, 14/01/2020

Ford Vietnam announces $82mn expansion to Hai Duong assembly facility

Photo: Nhi Doan

New plan to increase annual production to 40,000 vehicles from current 14,000.

by Jessica Nguyen

Ford Vietnam has announced a new plan to upgrade its Hai Duong assembly facility to expand annual production capacity to 40,000 vehicles, up from the current 14,000.

The investment follows the strong and steady climb in demand for Ford vehicles in Vietnam - including record sales in 2019 of more than 32,000 vehicles - and the healthy forecast for the continued growth of Vietnam’s burgeoning auto industry.

“With this additional investment, the Ford Motor Company is expressing our continued confidence in the future of Vietnam’s auto industry as well as underscoring our commitment to the market and to meet the increasing demand for Ford vehicles in Vietnam,” said Ms. Andrea Cavallaro, Operations Director at Ford’s International Markets Group.

The additional investment in the Hai Duong facility will come in two stages over a two-year period starting this year and being completed by mid-2022.

The construction will expand the facility across an additional 60,000 sq m of land, bringing the total area to 226,000 sq m, adding a new body and paint shop, modifications to the trim and final shop, and the rearrangement of the logistics area.

The investment will allow the company to procure new manufacturing tools and equipment, including the latest technology-connected robots, to improve the plant’s efficiency and ensure the highest quality Ford vehicles for local customers.

As with the existing Hai Duong facility, the expansion will follow Ford’s strict global manufacturing and environmentally-responsible processes and systems.

Ford currently assembles three highly-competitive vehicle models in the Vietnam market: the EcoSport urban SUV, the Transit commercial van, and the newly-launched seven-seat Tourneo MPV. The expansion of the Hai Duong factory opens up new opportunities for Ford to increase the number of locally-assembled vehicles.

“The new investment in local production will help us grow even further and serve even more customers in Vietnam,” said Mr. Pham Van Dung, Managing Director of Ford Vietnam.

One of the most important elements of Ford’s investment is its people. The new investment will add more than 500 direct Ford jobs in Vietnam - nearly doubling its current total - as well as help to create thousands more indirect jobs across Ford’s supplier and dealer networks in Vietnam.

The Ford Motor Company is a global company based in Dearborn, Michigan, designing, manufacturing, marketing, and servicing the full line of Ford motor cars, trucks, SUVs, electric vehicles, and Lincoln luxury vehicles, provides financial services through the Ford Motor Credit Company, and is in leading positions in electrification, autonomous vehicles, and mobility solutions. Ford employs approximately 191,000 people worldwide.

User comment (0)

Send comment