Ford doubles investment in SA to R3-billion
The Ford Motor Company of Southern Africa (FMCSA) plans to invest R3-billion in the production of a new-generation pick-up at its Pretoria plant and the new Puma diesel engine at its Struandale plant in Port Elizabeth. This is double the amount the company planned to invest when it made its announcement in 2008.
The production of the new Puma diesel engine would begin in early 2011, while the production of the new-generation pick-up is scheduled to start in the second half of 2011.
The investment would increase total annual capacity at the Silverton plant, in Pretoria, to 110 000 units, with around 75% of the vehicles destined for export markets, primarily to the rest of Africa and Europe.
The Struandale plant would install capacity for 220 000 machined components, of which 75 000 would be used for engine assembly for the Silverton plant, while the balance would be exported.
Trade and Industry Minister Rob Davies said at the announcement that recent investment by vehicle manufacturers in South Africa now totalled R9-billion.
Davies said both FMCSA and government had worked hard to secure the US car maker's purse.
Reported by Engineering News