Ford Motor Company has announced plans to invest $150 million in and add about 350 new jobs at its Buffalo Stamping Plant, which produces stamped components for several key Ford and Lincoln vehicles.
The $150 million will go towards adding over 25 new subassemblies, including hoods, doors and fenders, more than 500 new dies and a new blanking line, as well as equipment upgrades and refurbishing to support future product programs. In addition, Buffalo Stamping will add a third shift to its press room to help increase capacity.
The plant opened in 1950 and has roughly 650 employees. It produces doors, quarter panels, hoods, fenders and other stamped parts for the Ford F-250, F-350, Flex, Edge, Focus and Econoline, as well as the Lincoln MKX and MKT. The announced 350 new jobs at the plant are comprised of a combination of new workers, transfers, and employees returning from temporary leave.
Ford also announced that it is more than 75 percent of the way to its goal of creating 12,000 hourly jobs in the United States by 2015 to support new products and investment. The automaker is investing $16 billion in its U.S. product development and manufacturing operations, including $6.2 billion in plant-specific investments. Additionally, Ford announced plans to hire 2,200 salaried workers in the U.S. in 2013 to fill jobs in key areas such as product development, manufacturing, and IT.