Production launches at US$511M Ford joint venture plant in Turkey
Vehicle production facility in Yenikoy is Ford Otosan's third plant to open in Turkey since 1959
YENIKOY, Turkey—For Motor Co.’s Turkish joint venture has officially launched vehicle production at its latest facility in that country—a US$511-million plant not far from Istanbul.
Ford Otosan, the Turkish-based joint venture between Ford Motor Company and Koç Holding, launched production of the Ford Transit Courier compact commercial van and Tourneo Courier wagon at all-new vehicle production facility in Yenikoy, Turkey, next to the existing Kocaeli vehicle assembly plant.
The 753,000-sq.ft. plant is the joint venture’s third facility in Turkey since establishing Otosan in 1959.
“Ford Otosan is one of the longest-lasting and most successful joint ventures in the global auto industry and today marks another great milestone in this partnership,” Ford executive chairman Bill Ford said in a statement.
“This new plant is a testament to the drive and commitment of the men and women of Ford Otosan, and our success will continue to grow as we move forward together.”
The plant has a production capacity of 110,000 vehicles annually.