Other automobile manufacturers have announced their plans of building new manufacturing plants in other countries and Ford Motor Company is one of them. Ford Motor Company of South Africa is planning to invest more than R1.5 million or $214 million (U.S. dollars) for the production of the next generation of compact pick-up trucks as well as Puma diesel engines. Ford Motor Company of South Africa already has two plants in South Africa. One is an engine plant built at Port Elizabeth, where other motor manufacturers have also built their plants. General Motors is one of the big names in the motor manufacturing industry who had also built a plant in Port Elizabeth. The other plant is for assembly which is located at Pretoria. Their staff is consisted of roughly around 4,500 workers. The number of employees is expected to go up by 5,000 when 2011 arrives. This is the expected year when the production is supposedly already bursting and ongoing at a fast pace. It is expected that the year 2011 will mark the period of the production of new pick-up trucks. A great number of the estimated 110,000 units which will be produced yearly will be exported to the countries in Africa and Europe.
The local content is of great magnitude when it comes to the investment. This is currently at 35 percent but it is expected to rise to more than 60 percent soon after. The annual investment will be R2.9 billion or $414 million (U.S. dollars), give or take a few.
source: Trend News
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