From Louisville Business First
$1.3 Billion in Plant Upgrades will take Ford’s Louisville, KY Headcount to 11,000
Dearborn, Mich.-based Ford Motor Co. says it will create 2,000 jobs and invest $1.3 billion in its Kentucky Truck Plant in Louisville.
The investment and new jobs will support a revamped 2017 Ford F-Series Super Duty truck. We told you about this truck months ago and we knew work was taking place at the plant. But this is the first time Ford has told us how much is being spent and how many jobs will accompany the truck launch.
According to a news release, the $1.3 billion is being spent on an all-new body shop, facility upgrades and retooling at the plant. This is in addition to the $80 million investment that Ford announced in 2014 to meet growing customer demand for Super Duty trucks and $129 million to support Lincoln MKC production at the company’s Louisville Assembly Plant.
All totaled, it adds up to about $1.5 billion in investments in Louisville during the past two years, the release notes.
“Through this investment, we are continuing to show our commitment to Kentucky and the city of Louisville,” Joe Hinrichs, president of The Americas for Ford, said in the release.
The Kentucky Truck Plant is one of two plants that Ford operates in Louisville. In addition to Super Duty Trucks, Ford Expeditions and Lincoln Navigators are made there.
The company also produces the Ford Escape and Lincoln MKC at the Louisville Assembly Plant on Fern Valley Road. Collectively, it has about 9,000 workers in Louisville.
A recently approved United Auto Workers contract came with a promise that Ford (NYSE: F) would invest $700 million in the Louisville Assembly Plant and $600 million in the Kentucky Truck Plant. The release did not say whether this plan fulfills that promise or whether additional investment is planned at the Louisville Assembly Plant. But Hinrichs plans to address the media late Tuesday morning at the plant, where he might provide more information.
Ford began manufacturing vehicles in Kentucky in 1913 with 11 employees. Its Kentucky Truck Plant opened in 1969, covers 6 million square feet and employs close to 4,400 people.