Ford Invests €200M at Craiova Assembly Plant for Production of New Vehicle
Ford is investing €200 million (approximately $235 million USD) at its Craiova Assembly Plant in Romania to accommodate the production of a second vehicle. The investment will result in the creation of 1,500 additional jobs, bringing the total number of employees at the plant to approximately 5,900.
Craiova Assembly Plant currently builds the Ford EcoSport and the 1.0-liter EcoBoost engine. Ford has not yet revealed what the new vehicle will be but did say that details and production start date will be revealed closer to launch.
“This new investment will add to our evolving line-up of exciting new models manufactured in Europe and continues the transformation of our Craiova facility,” said Steven Armstrong, president and CEO, Ford of Europe, Middle East, and Africa. “The addition of this second vehicle is a testament to the operational flexibility of our Craiova plant and reflects the strong partnerships we have with local suppliers and the community.”
Since acquiring Craiova Assembly Plant in 2008, Ford has invested €1.5 billion (approximately $1.75 billion USD) to support upgrades including the addition of more than 550 robots that boost the efficiency of vehicle and engine production.
Ford notes that the investment “places even greater importance on the ongoing discussions between Ford and the Romanian government.” The government has committed to upgrading infrastructure and logistics in the name of keeping manufacturing competitive at a global level, and Ford suggests that delays to the upgrades “would significantly constrain Ford’s and its suppliers’ efforts to move increased volumes of vehicles and components.”