Ford to obtain Suzuki plant in Thailand

Ford Motor Co has agreed to buy Suzuki Motor’s meeting plant in Rayong, which is able to permit the American automaker to make bigger manufacturing for each home and export markets.

Falling gross sales all over the previous a number of years had pressured Suzuki to near its Thai manufacturing facility, which is adjoining to the Ford Thailand Production (FTM) plant.

Ford lately has two auto meeting crops in Thailand – the opposite being the Auto alliance Thailand (AAT) plant, a three way partnership with Mazda.

The American automaker produces the Ranger pickup truck and Everest SUV on the market in Thailand and out of the country, making Thailand one among its maximum essential manufacturing bases globally. In line with Ford, general funding in Thailand by means of the corporate all over the closing 3 a long time has reached US$3.9 billion.

The Suzuki facility used to be inbuilt 2012 and is positioned in a tax-free zone, which is able to assist spice up the potency and streamline Ford’s operations in Thailand.

Ford says that the transfer will reinforce its flexibility and serve regional call for for quite a lot of segments, along with boosting Thailand’s auto manufacturing in the long run.

As soon as the transaction is entire (inside the following couple of months), Ford will systematically overview plans to combine the brand new facility into its present operations construction, in addition to analyze its attainable to beef up long run manufacturing plans.