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Ford to Bolster Thai Plants with $900m Funding Boost

The programme bolsters the Southeast Asian kingdom’s role as a global production and export base, the US company said

electric vehicles
So far, the transition has mostly taken place behind the scenes with engineers and designers readying the next generation of vehicles. Photo: Reuters


Ford Motor said on Wednesday it would invest $900 million to modernise its factories in Thailand that make its Ranger utility truck and Everest sport utility vehicle (SUV), in what would be its largest commitment to the Southeast Asian country.

The investment would be through its own manufacturing plant and AutoAlliance Thailand, its joint venture with Japan’s Mazda, Ford said in a statement.

Thailand is Asia’s fourth-largest auto assembly and export hub, featuring some of the world’s largest carmakers such as Toyota and Honda. The industry accounts for about 10% of Thailand’s gross domestic product and manufacturing jobs.

The expansion would add about 1,250 new jobs and about $400 million of the investment would go towards its supply chain network, Ford said.


Global Output and Export Base

The programme bolsters Thailand’s role as a global production and export base, the company said.  “This is an important milestone to build on our quarter-century of commitment to producing vehicles in Thailand,” Yukontorn  Wisadkosin, president of Ford’s ASEAN and Asia-Pacific distributors’ markets, said.

As Thailand’s vehicle production looks towards more electrification, state-owned energy firm PTT this year said it would invest at least $1 billion on an EV plant with Taiwan’s Foxconn.

In September, Ford announced an $11.4 billion investment in EV production in the US, promising to build its biggest ever factory in Tennessee, and two battery parks in Kentucky. It would also create 11,000 jobs.

The Ford announcement in Thailand also follows an October move to invest £230 million ($304 million) in a transmission factory in England to upgrade it to make parts for EVs.


• George Russell





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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.


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