Ford Finds Buyer For Its Local Manufacturing Plants In Australia
Announcement posted by Car Wrecker Australia 17 May 2019
Last Falcon rolled off Ford’s Australian manufacturing site nearly 3 years ago but there is new desire for two large factories.
Victorian developer Pelligra Group buys the Geelong Engine Plant and Broadmeadows assembly line sites, to be renamed Fortek and Assembly.
Pelligra, the company that purchases the former Holden Elizabeth manufacturing plant before two years ago, plans to fund approx. $500m in the reconstruction project with the focus of charm manufacturing and technology innovation companies.
Mr Ross (Chairman Pelligra) says the development will produce thousands of new jobs placement during and after construction.
“We are committed to finally delivering approx. 5000−8000 jobs in the next 4 to 10 yrs, with the first manufacturing holder anticipatory to start projects on work site within a year,” he says.
Ford will keep its analyse & development facilities at both sites, as well as the You Yangs proving ground.
The Blue Oval will finance approx. $500m this year in R&D in Australia, manage thousands of local placements.
Mr Kay Hart (Chairman Ford Australia)says the firm is pleased that the sale can help raise innovation and development in Victoria(the state in south-eastern Australia).
“We are grateful that Pelligra Group will build on Ford’s ongoing engineering and formation presence by affixing new chance for revolution, ideas and career in Geelong and Broadmeadows,” says Kay Hart.
“Ford’s Geelong and Broadmeadows sites have played a central role in the yesteryear of Australia’s automotive industry as centres of technical quality and have been part of the fabric of the local groups for generations.”
Ford Australia stop manufacturing in October 2016 ending 91 years of local manufacturing. The termination resulted in the passing of local favourites, the Falcon and Territory. However, as Australian traders increasingly shifted away from large sedans, the Falcon no longer sold in sustainable numbers.
Author Bio: Hi there! I'm Dave, and I have a most abnormal hobby. I love visiting automotive companies & local car wrecking yards. As part of the research & development for my theory on the effects of automotive world and more. I have started this article to outline all the ways that how the local groups helps automtoive business in Australia.