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Ford and Mazda to invest another US$350million in Thailand

By Rigval on 31 Aug 2010

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The FoMoCo (Ford Motor Company) and Mazda Motor Corporation are investing a total of US$350million on a joint 50:50 venture in Thailand. This comes pretty soon after Fordís announcement last June to build US$450million production plant in Thailand for the manufacture of small cars (the Ford Fiesta).

This latest round of investment is also for the expansion of the Auto Alliance Thailand (AAT) plant located in Rayong, Thailand so that it can produce the next generation of Ford and Mazda compact pickups. According to the press statement, the sum iis used for the research & development, worker training, tooling & retooling and support facilities for the production of the next generation of Ford and Mazda pickup trucks in the region . The plant jointly run by both Ford and Mazda and now produces most notably the Ford Ranger & Mazda Fighter pickups and the Ford Fiesta and its Mazde derivative, the Mazda 2.

AAT, which exports Ford and Mazda vehicles to about 130 markets around the world began operations in 1998 and with this latest investment, brings the total sum invested by Ford and Mazda to a whopping US$1.8billion since the inception of the whole project in 1995.

One has to note that while the investment sum is large, the real strength behind this piece of news is the Thai governmentís (via its Board of Investment) willingness to support the countryís automotive industry. There are bound to be tax-breaks and all sorts of defining factors that have enabled the top people in both Ford and Mazda to arise at a decision to spend more money in Thailand. Imagine what an investment of a few hundred million would do to any countryís GDP in the long run.

Attached Image: bildschirmfoto_2010_08_26_um_20.33.47.png



regional automotive news, ford and 3 more...

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Rigval
Written by Rigval
Born in 1972. Married with a kid. Loves B-road drives and have driven cars from the 1950s to date.



  • 1
Nez Sep 01 2010 04:28 PM
In addition to next generation of compact pickup, Ford will be producing new model of Ford Focus at Rayong Plant of Auto Alliance Thailand while Mazda has encouraged Mazda Head Quarter in Japan to move assembly line of Mazda 3 from Philippines to Auto Alliance Thailand. New model of Mazda 3 will be built at Rayong Plant Thailand where auto-part supplier base is much stronger and able to supply for over 90% of auto parts of all makes. Current assembly of Mazda 3 in Philippines imports certain parts from Thailand.
  • 1
 
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