Thursday, May 3, 2012

Ford opens new plant, vows major local sourcing of parts

Ford plans to purchase up to US$800 million worth of parts annually from Thailand to supply its new $450-million passenger vehicle plant in Rayong.

The purchases do not include sourcing by Ford for AutoAlliance Thailand, its joint venture with Mazda.

The $800 million in purchases will go to achieving 40% local Asean content, a requirement for automakers wanting to export the vehicles duty-free within the region.

Read the complete Bangkok Post article here.