Ford to start building new plant in east China next year
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Ford Motor said Monday it will begin construction on a new plant in Nanchang City, capital of east China's Jiangxi Province, next year.
The plant will begin operations in 2013, Ford Asia-Pacific and Africa President Joe Hinrichs said at a meeting with Jiangxi Governor Wu Xinxiong.
Hinrichs did not give further details concerning the plant.
Ford hopes to boost Nanchang's automobile industry and will increase its stake in Nanchang-based Jiangling Motors Co. (JMC), Hinrichs added.
Ford has a 30 percent stake in JMC. The two companies have been strategic partners since 1995.
Jiangxi provides Ford with a great opportunity for development as the province has low costs and huge potential for economic growth, Wu said.
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