Business
        

Cars

Ford to start building new plant in east China in 2011

Updated: 2010-12-14 10:19

(Xinhua)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

NANCHANG - 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.

Related readings:
Ford to start building new plant in east China in 2011 Ford adds 100 China dealers
Ford to start building new plant in east China in 2011 Ford shuffles executive lineup
Ford to start building new plant in east China in 2011 Ford says Asia head to add China chief role
Ford to start building new plant in east China in 2011 Film recalls female Ford workers pay protest

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.

E-paper

Ear We Go

China and the world set to embrace the merciful, peaceful year of rabbit

Preview of the coming issue
Carrefour finds the going tough in China
Maid to Order

European Edition

Specials

Mysteries written in blood

Historical records and Caucasian features of locals suggest link with Roman Empire.

Winning Charm

Coastal Yantai banks on little things that matter to grow

New rules to hit property market

The State Council launched a new round of measures to rein in property prices.

Top 10 of 2010
China Daily in Europe
The Confucius connection