Ford to invest $20m in Philippines

Thu, 22 Dec 2005, 00:00 WIB | Source: AFP

MANILA: U.S. automaker Ford Motor Co said on Wednesday it
plans to invest about US$20 million to build a "flexible fuel"
engine factory in the Philippines, its first in Asia.

These engines are designed to operate on either conventional
gasoline or a combination of gasoline and bio-ethanol fuels, a
company statement said.

The investment translates to production of 100,000 engines
over the next five years valued at about $100 million, the
company said.

Start-up activities are scheduled in the first quarter of
2006, with full production to begin before the end of next year.
-- AFP

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