MYANMAR > US based Ford Opens Factory in Yangon
US automaker – Ford – launched a car assembly plant in Yangon on July 21, 2017 with an initial capital of US$ 10 million. The new assembly plant is located in the industrial zone in east Dagon Myothit. Ford’s partner in the venture is Capital Automotive, a subsidiary of Myanmar conglomerate Capital Diamond Star Group. Ford also worked with Capital Motors Limited in this regards.
The factory has a current manual production capacity of around 6,000 vehicles and a potential for semi-auto production capacity of 30,000 to 40,000 vehicles.
According to Myanmar based news media Eleven, the factory will assemble Ford Rangers and the seven-seat Ford Everest SUV for sale in Yangon and Mandalay. The Ranger costs around US$34,000 and the Everest costs from US$49,000.
Ford’s ASEAN chairman is Mark Kaufman. David Westerman is Ford’s Asia and Pacific Managing Director.Tags: FDI in Myanmar, Ford, Ford Motor Company