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Ford Australia finds buyer for local manufacturing plant

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    Ford has finally found a buyer for two of its local manufacturing plants.Victorian developer Pelligra Group bought the Geelong engine plant and Broadmedows assembly line sites, to be renamed Fortek and Assembly.

    Pelligra, the company that bought the former Holden Elizabeth manufacturing plantin 2017, plans to invest $500m in the renewal project with the aim of attracting manufacturing and tech innovation companies.Chairman Ross Pelligra says the development will create thousands of new jobs during and after construction.“We are committed to ultimately delivering 4000−5000 jobs in the next five to 10 years, with the first manufacturing tenants anticipated to start work on site within a year.” he says.Ford will keep its research and development facilities at both sites, as well as the You Yangs proving ground.Ford has finally found a buyer for two of its local manufacturing plants.Victorian developer Pelligra Group bought the Geelong engine plant and Broadmedows assembly line sites, to be renamed Fortek and Assembly.

 
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