Ford has announced it is currently completing the final part of its $2.6 billion investment in its Valencia, Spain manufacturing ventures. Ford says the investment, the largest in the history of Spain’s auto industry, will transform their Valencia facility into “one of the world’s most advanced, flexible and productive auto plants.”
The automaker currently employs approximately 8,000 people at its Valencia production plant, up from 5,000 in 2013. Ford’s significant investments in the region have also created an additional 1,500 jobs with parts suppliers. According to Ford, Valencia is one of the top Spanish automotive exporters, with 80 percent of the vehicles built their being exported worldwide.
The Valencia facility will build six different Ford nameplates in 2015. It currently produces the Mondeo wagon, four-door, five-door and Mondeo hybrid, in addition to Kuga SUV, Transit Connect and Tourneo Connect. Later this year, it will adopt production of the S-MAX, Galaxy and Vignale Mondeo.
Ford initially invested $1.25 billion in its Valencia plant in 2011, and has followed it up with another $1.37 billion since 2013. The money went towards constructing a new body shop, an additional paint shop and hiring additional workers, among other expenses.