Honda to Build Second Auto Plant in Thailand
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Ayutthaya Province, Thailand, July 18, 2007; Honda Automobile (Thailand) Co., Ltd. (HATC, President: Kenji Otaka), Honda's automobile production and sales subsidiary in Thailand, today announced it has begun construction of its second auto plant, foreseeing further growth in demand for automobiles in Thailand and other markets in the Asia/Oceania region.
The second plant will be located adjacent to the existing plant and is scheduled to begin mass production in the latter half of 2008. Annual production capacity of the new plant will be expandable up to 120,000 units in the future, with employment of approximately 2,200 associates. Combined with the existing plant's 120,000 units in annual production capacity, Honda's total annual automobile production capacity in Thailand will reach 240,000 units. The investment for the second plant is approximately 6.2 billion baht (approximately 23 billion yen).
The new plant will be an environmentally-responsible facility equipped with a "complete water recycling system" with zero emissions of industrial water, and water based paint with fewer VOC (Volatile Organic Compounds) emissions. It will also be equipped with solar cell panels to contribute to a reduction in CO2 emissions by 10% (vs. 2005).
Honda will continue strengthening the quality of its operations in Thailand and further strengthen the business foundation in other markets in the Asia/Oceania region.
About HATC's Auto Plans
I. Existing Plant -
Location: Rojana Industrial Park, Ayutthaya Province
Employment: Approx. 3,700 associates (as of July 2007)
Production Capacity: 120,000 units annually (at full production)
Lot area: 225,000 m2
Production Models: Accord, Civic, City, Jazz, CR-V
II. New Second Plant -
Location: Rojana Industrial Park, Ayutthaya Province
Employment: Approx. 2,200 associates (at full production)
Production Capacity: 120,000 units annually
Lot area: 150,000 m2
Production Models: Accord, Civic, City, Jazz, CR-V
About Honda Automobile (Thailand) Co., Ltd.
Establishment: December 2000
Capital Investment: 5.46 billion baht
Capitalization Ratio: 75.94% Honda Motor Co., Ltd.
13.05% Asian Honda Motor Co., Ltd.
11.01% Others
Representative: President: Kenji Otaka
Business Areas: Production and sales of automobiles
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.
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Honda Motor Co., Ltd.
Corporate Communications Division
corporate_pr@hm.honda.co.jp
Telephone: +81-(0)3-5412-1512
Facsimile: +81-(0)3-5412-1545
_____
2007-07-18 12:10
Source Honda Motor Co., Ltd.(EURONEXT: HOND) (ZOBEX: HDM) (DUS: HDM)
(XETRA: HDM) (EUREX: HDM) (HAM: HDM) (MUNICH: HDM) (OM: HDM)
(SWX: HOND) (LSE: HNDD) (LSE: HNDA)
world.honda.com <http://world.honda.com>
Honda Motor Co., Ltd.
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Topic Press release summary
Sector Auto
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