Honda to Open New Body Spare Parts Manufacturing Company in
Thailand
Tokyo, Japan, Aug. 22, 2006 - (JCN Newswire) - Asian Honda Motor Co.,
Ltd., Honda's Asia-Oceania regional headquarters, announced that Board
of Investment (BOI) of Thailand granted permission to set up a new body
spare parts manufacturing company in Thailand. The new factory will
strengthen Honda's ability to respond quickly to the demand for body
spare parts in the rapidly-growing Asian automobile markets.
Asian Parts Manufacturing Co., Ltd., a new Honda subsidiary located in
Ayutthaya province, will start production in June 2007. The company will
produce body spare parts for global models including the Honda CR-V and
Honda Jazz (Fit) for countries in Asia-Oceania as well as in Europe and
Japan. Total investment for the new factory is approximately 1.279
billion baht and it will employ around 200 associates.
The Asia-Oceania automobile market is expanding, with body spare parts
sales increasing 114% from April '05 to March '06 compared to the
previous year. Until now, body spare parts have been produced by Honda's
automobile factories and suppliers in each Asia-Oceania country. With
the new factory, Honda will consolidate its spare parts production into
a single location to ensure the highest quality, reduce costs and
improve logistics.
Company Information
Name: Asian Parts Manufacturing Co., Ltd.
Established: April, 2006
Starts operation: June, 2007 (Planned)
Location: Rojana Industrial Park, Ayutthaya province,
Kingdom of Thailand
Capital Investment: 700 million baht
Capitalization Ratio: 80% Asian Honda Motor Co., Ltd.
20% Honda Motor Co., Ltd.
Total Investment: Approximately 1.279 billion baht
President: Toshio Sugiyama
Employment: Approximately 200 associates (Planned)
Business: Manufacturing body spare parts for the
automobile
About Honda Motor Co., Ltd.
Honda Motor Co., Ltd. is one of the
leading manufacturers of automobiles and power products and the largest
manufacture of motorcycles in the world. Honda has always sought to
provide genuine satisfaction to people worldwide. The result is more
than 120 manufacturing facilities in 30 countries worldwide, producing a
wide range of products, including motorcycles, ATVs, generators, marine
engines, lawn and garden equipment and automobiles that bring the
company into contact with over 19 million customers annually. For more
information, please visit http://world.honda.com.
For further information, please visit the Honda Motor Co., Ltd. home
page at: world.honda.com <http://world.honda.com>