Ford Motor Co.
) is set to add its industry-leading 3-Wet paint processes in 4
more plants in the U.S, China and Spain. This will lead to 50%
increase in capacity of the 3-Wet paint process.
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Ford is installing the process in Flat Rock Assembly Plant and
Kansas City Assembly Plant in U.S, Valencia Assembly Plant in
Spain and Jiangling Motors Co. Ltd., Jiangxi/Nanchan in China.
With this expansion, Ford expects to install the technology in 12
plants in 2013 and then extend it to other facilities worldwide
over the next 4 years.
Ford implemented the 3-Wet high-solids solvent-borne technology
for the first time in 2007. Currently, Ford has 8 plants with
this process in North America, Asia Pacific and Europe. The
eco-friendly process reduces carbon dioxide (CO2) emissions by
15% to 25% and volatile organic compound (VOC) emissions by 10%.
The 3-Wet paint process is the most advanced and conventional
technology, which offers high quality durable paints at optimum
cost. In this paint process, three layers of paint are applied
sequentially while the prior layer remains wet. These three
layers act as the primer, base coat and clear coat.
Ford posted a robust 55% rise in earnings per share to 31 cents
in the fourth quarter of 2012 from 20 cents in the same quarter
of 2011 (all excluding special items). With this, the company
surpassed the Zacks Consensus Estimate of 26 cents. The
year-over-year improvement was driven by the impressive North
American results and, to some extent, solid improvements in Asia
Pacific and Africa operations.
Total revenue grew 5.5% to $36.5 billion on a 7.5% rise in
wholesale volumes to 1.5 million units. Total revenue was higher
than the Zacks Consensus Estimate of $33.2 billion.
Mich. based Ford is one of the largest automobile producers in
the world. Currently, the company retains a Zacks Rank #3 (Hold).
Other stocks that are performing well in the industry where Ford
). All these companies carry a Zacks Rank #1 (Strong Buy).