Ford Motor Co. on Thursday announced plans to invest $150 million at its Buffalo, N.Y., stamping plant, which will make parts for the automakers next-generation Edge crossover scheduled to hit dealer lots next year.
The investment will add 25 new sub-assembly stations to produce hoods, doors and fenders, and more than 500 new dies plus equipment upgrades.
Buffalo Stamping Plant produces parts such as quarter panels and floor pans for Ford vehicles like the Edge and Flex midsize crossovers, Focus compact car, F-250 and F-350 pickups and Lincoln MKX and MKT.
We produce crucial components for several key vehicles in Buffalo, said Paul Kosaian, director of manufacturing for stamping operations at Ford, in a statement. With the help of our UAW and government partners, we were able to secure additional jobs and investment to keep Buffalo Stamping Plant competitive and efficient.
Ford on Wednesday showed off a concept of its next-generation Edge, which is built at the Oakville Assembly Plant in Ontario less than 100 miles from the stamping plant in Buffalo.
The new Edge is due in the latter half of 2014 and a new Lincoln MKX should debut in early 2015.
Ford will add about 350 new jobs to Buffalo Assembly Plant, which opened in 1950, upping the plants head count to approximately 1,000.
The new jobs will be a combination of new workers, transfers and employees coming back from temporary leave, Ford said in a statement ahead of the announcement.
The Dearborn automaker says it is more than three-fourths of the way to its 2011 goal of creating 12,000 hourly jobs in the U.S. by 2015.
In 2012, New York offered Ford $7 million in state government incentives to retain 640 jobs and encourage $100 million of investment. Ford will begin receiving this benefit in 2014.
Buffalo Stamping Plant also is one of 12 U.S. Ford facilities to benefit from loans through the Department of Energys Advanced Technology Vehicles Manufacturing Program.