BANGKOK, Thailand -- Ford Motor Co. plans to build a $450 million passenger-vehicle assembly plant in Thailand by 2012 as part of the U.S. company's catch-up game in rapidly expanding Asia.
The factory, in the city of Rayong, will have production capacity of 150,000 vehicles a year. As much as 85 percent of the plant's output will be exported to markets outside Thailand. The first product will be the next-generation Ford Focus.
The plant will be Ford's second in Thailand, following a factory jointly operated with Japanese partner Mazda Motor Corp. That plant, with an annual capacity of 220,000 vehicles, makes the Mazda2 small car, Ford Everest SUV and the Mazda BT-50 and Ford Ranger pickups