Ford Investing $450 Million in New Focus Plant in Thailand
The new factory will be located in the eastern coastal province of Rayong and will have the capacity to produce 150,000 vehicles a year, the Associated Press reported. The factory will begin producing the next-generation Ford Focus in 2012.
Ford will sell 85% of the cars abroad, with the rest sold in Thailand. The factory will employ as many as 2,200 people.
"This investment underscores our long-term commitment to Thailand, and its role as a global production and export hub for Ford," said Joe Hinrichs, president of Ford's Asia and Africa business.