June 24, 2005
Ford increases capacity in Russian manufacturing plant
Cologne, Germany – Ford announced that it will increase capacity of its car plant in St. Petersburg by 50 per cent to meet growing customer demand for the new Ford Focus.
The plant, launched in July 2002, will have its annual capacity increased to 60,000 vehicles a year from January, 2006. The St. Petersburg plant recently started production of the new-generation Ford Focus, Ford’s top-selling vehicle in Europe. It is the only Ford plant in the world that builds the new Focus in all four body styles.
Ford made an initial investment of US$150 million to the plant; subsequent expansions, upgraded equipment and establishment of a central parts depot have increased the total investment to US$200 million. Ford sold 38,700 vehicles in Russia in 2004, an increase of nearly 90 per cent over 2003.