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Ford’s St. Petersburg assembly plant will
increase capacity by more than 60%
Ford of Europe intends to increase
capacity of the St. Petersburg Assembly Plant and to start
building the new Ford Mondeo for the Russian market under an
expansion plan announced today. The capacity increase would
represent an incremental investment of more than $100 million,
lifting Ford's overall St. Petersburg investment to over $330
Ford's Plant in St. Petersburg, Russia
The announcement coincides with the St.
Petersburg Plant's five-year anniversary, and builds on Ford's
leading position in the Russian vehicle market.
Ford was the first foreign automaker to
open its own assembly plant in Russia and the Ford brand was the
Russian market leader among import brands in 2006. The Ford
Focus has been the best-selling car among non-Russian brands for
four consecutive years.
"The Russian car market has experienced
tremendous growth over the last several years," said Ford of
Europe President and CEO John Fleming. "We see consumer demand
continuing to rise for stylish cars that offer great driving
dynamics – exactly the type of vehicles Ford offers."
Under the new expansion plan, annual
production capacity of the plant is targeted to rise to 125,000
units in 2009 from the current level of 72,000 units. The
additional capacity would include 25,000 Mondeo units and 28,000
Focus models. Ford expects to begin production of the new Mondeo
for Russia in late 2008, pending government approvals.
The St. Petersburg plant, which employs
2,200 workers, currently makes the Focus in all four body
styles: 3-door, 4-door, 5-door and wagon versions. The plant
started production in July 2002 with an initial annual capacity
of 25,000 units.
Ford continues to strengthen its sales and
market position in Russia. Through the first half of this year, Ford
sales in Russia were 81,782 units, 122 percent higher than the same
period in 2006, when 36,826 vehicles were sold. In addition to the
Focus, Ford sells the following vehicles in Russia: Fusion, Fiesta,
C-MAX and Mondeo cars; S-MAX and Galaxy MPVs; the Ranger compact pickup
truck; Maverick and Explorer SUVs; and the Transit and Transit Connect
July 10, 2007