LOUISVILLE, Ky. (Dec. 1, 2015) – Ford Motor Co. will create 2,000 jobs and invest $1.3 billion at its Kentucky Truck Plant (KTP) in Louisville to produce all-new 2017 F-Series Super Duty trucks, Gov. Steve Beshear announced today.
The investment follows more than $200 million in retooling and expansions at KTP and the company’s Louisville Assembly Plant (LAP), which collectively created 1,000 jobs since January 2014. Ford currently employs about 9,300 workers at its two Kentucky plants.
“This tremendous investment and commitment to new job creation reconfirms the strength of a more than century-long relationship between Kentucky and the Ford Motor Company,” Gov. Beshear said. “We wholeheartedly appreciate Ford's continued confidence in the Commonwealth’s workforce and pro-business environment, and we look forward to expanding our relationship in the future.”
Ford’s switch to advanced materials for Super Duty, including high-strength aluminum-alloy bodies, saves up to 350 pounds per vehicle. The change reflects wider industry adoption of weight-saving technology to increase capability, performance and fuel economy.
“With the introduction of the all-new Ford Super Duty, America’s best-selling heavy-duty pickup, we expect to continue growing our truck leadership,” said Joe Hinrichs, Ford president of The Americas. “Through this investment, we are continuing to show our commitment to Kentucky and city of Louisville, as well as bringing to customers industry-leading trucks to help them take care of business and earn a living.”
Ford’s investment and job growth at KTP come as part of incentives approved by the Kentucky Economic Development Finance Authority (KEDFA) in January 2014. At that time KEDFA amended the company’s approval for tax incentives through the Kentucky Jobs Retention Act for up to $290 million. However, with this announcement Ford has drastically surpassed its job-creation estimate and nearly doubled its projected investment.
KTP opened in 1969 and currently produces F-250 to F-550 Super Duty pickup and Chassis Cab trucks, as well as the Ford Expedition and Lincoln Navigator SUVs. Ford’s LAP plant opened in 1955 and produces the Lincoln MKC and Ford Escape. The company’s Kentucky relationship dates to 1913 when it opened a plant in Louisville to produce the Model T.
The latest investment at KTP will cover costs of an all-new body shop, facility upgrades and retooling for production of the 2017 Super Duty trucks. The trucks will use an all-new high-strength steel frame and high-strength, military-grade, aluminum-alloy bodies for the first time, a move that follows the company’s switch a year ago to aluminum bodies on its top-selling F-150 pickups.
Aluminum creates more dent-and-ding-resistant panels than steel, and the alloy is not subject to red rust.
Kentucky ranks first in per-capita vehicle production nationally and third by production volume overall. The Commonwealth is home to 480 automotive-related facilities employing more than 89,000 people.
Complementing Kentucky’s automotive sector, the Commonwealth also holds a major stake in the U.S. aluminum industry with more than 150 facilities – from smelters and mills to manufacturers of end-user goods – which employ more than 18,000 people.
“Ford’s substantial investment in our community will create thousands of new jobs and provide a healthy boost to our economy,” said Sen. Perry Clark, of Louisville. “It also speaks highly of our dedicated workforce. Ford is a good corporate friend and I wish the company continued success.”
“I’m extremely glad Ford Motor Company and UAW are working together and am pleased that Ford is investing $1.3 billion here in Kentucky,” said Rep. Larry Clark, of Louisville.
“Ford Motor Company is and has been a terrific corporate partner for the Louisville area and the state of Kentucky,” said Rep. Jeffery Donohue, of Fairdale. “Their investment in and collaboration with our working men and women of Kentucky should set the standard for the industry across the nation.”
“The Ford Motor Company and the City of Louisville have both come a long way since Ford started making Model T’s at the corner of Third and Breckinridge in 1913 and with this investment, it’s clear that there’s no limit to how far we can go together,” said Louisville Mayor Greg Fischer. “We thank Ford for their commitment to our city and our workforce and look forward to seeing the Louisville-made 2017 Ford F-Series Super Duty pickups driving across the new bridges before long.”
Ford is also eligible to receive resources from the Kentucky Skills Network. Through the Kentucky Skills Network, companies are eligible to receive no-cost recruitment and job placement services, reduced-cost customized training and job training incentives. Last year, the Kentucky Skills Network trained more than 84,000 employees from more than 5,600 Kentucky companies.
For more information about the Ford Motor Co., visit www.ford.com.
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The Kentucky Cabinet for Economic Development is the primary state agency responsible for encouraging new jobs and investment in the state. New capital investment announced in Kentucky in 2014 totaled a state record $3.7 billion, spurring more than 15,000 projected new jobs. The Commonwealth also received Site Selection magazine’s nationally acclaimed Governor’s Cup for most economic development projects per capita last year. Information on available industrial properties, workforce development assistance, incentive programs, community profiles, small business development and other economic development resources is available at www.ThinkKentucky.com.