Honda Motor Summary of 2006 Mid-Year CEO Speech.
Tokyo, Japan, May 17, 2006 - (JCN JCN Japan Corporate News
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JCN joint communications network (US DoD) Newswire) - Honda Motor Co., Ltd. announced specific plans and initiatives in the following three areas, which will enable Honda to accelerate its efforts to strengthen Honda "at the spot," strengthen the core characteristics that make Honda unique, and achieve further growth.
1) Establishing advanced manufacturing systems and capabilities
2) Strengthening the foundation for overseas growth
3) Strengthening the commitment to reduce Honda's environmental footprint The amount of geographic space covered by an object. A computer footprint is the desk or floor surface it occupies. A satellite's footprint is the earth area covered by its downlink. See form factor.
1. Establishing Advanced Manufacturing Systems and Capabilities
By strengthening the areas of production and R&D in Japan that supports the future growth of overseas operations, Honda will establish advanced manufacturing systems and capabilities to create new value.
Strengthening Japan Production
Building a New Automobile Production Plant:
- Honda plans to build a new auto plant capable of synchronous Refers to events that are synchronized, or coordinated, in time. For example, the interval between transmitting A and B is the same as between B and C, and completing the current operation before the next one is started are considered synchronous operations. Contrast with asynchronous. auto production --from the engine to the entire automobile -- in Yorii, Saitama Yorii (寄居町; -machi) is a town located in Ōsato District, Saitama, Japan.
As of 2003, the town has an estimated population of 37,548 and a density of 585.13 persons per km². The total area is 64.17 km². to begin operation in 2010.
- The annual production capacity of this new auto plant will be approximately 200,000 units. Employment at the new plant is expected to be 2,200 associates. Related investment is expected to be approximately 70 billion yen.
- When the new plant becomes operational, Honda's total annual production capacity in Japan will be increased from the current 1.3 million units to 1.5 million units.
- After the new Yorii plant becomes operational, Honda will renovate the Sayama plant to make it the most advanced production operation. Honda will establish a high quality and high efficiency manufacturing system by applying the latest technologies to both the Sayama and Yorii plants. These plants will be responsible for evolving such manufacturing systems horizontally to other Honda operations worldwide.
Strengthening Automatic Transmission (AT) Production:
- The production capabilities at the Hamamatsu Plant will be further strengthened as the leader plant of global AT production, with manufacturing technologies to be further advanced in Hamamatsu.
Strengthening R&D Capabilities
Establishing New R&D Center:
- Honda will build a new R&D center in Sakura, Tochigi Sakura (さくら市; -shi) is a city located in Tochigi, Japan.
The city was formed on March 282005 with the merger of the towns of Kitsuregawa and Ujiie formerly a part of Shioya District, Tochigi. It is a hiragana city. . This new R&D facility will have multiple test courses, which reproduce re·pro·duce
1. To produce a counterpart, an image, or a copy of something.
2. To bring something to mind again.
3. To generate offspring by sexual or asexual means. various driving conditions including high-speed driving to urban-area driving. In this way, Honda will strengthen development of next-generation vehicles. Honda is aiming to begin operation of this new R&D facility in 2009. Related investment is expected to be approximately 17 billion yen.
2. Strengthening the Foundation for Overseas Growth
Honda will further strengthen the foundation for the growth of overseas operations by focusing on strengthening its business foundation in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and on business expansion in growth areas such as Asia and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. .
Strengthening North American Operations North American operation Surgical oncology Radical surgery of a 'frozen pelvis', consisting of radical en bloc resection of the uterus and urinary bladder. See 'Frozen pelvis.'. Cf 'All-American' and 'South American' operations.
Building a New Automobile Production Plant in the US:
- The new auto plant in the U.S., which is planned to become operational in 2008, will have annual production capacity of approximately 200,000 units. The related investment is expected to be approximately US$ 400 million. Employment at this new plant is expected to be more than 1500 associates. And this new plant will have the lowest environmental footprint among other Honda auto plants in North America.
- Honda is in the final process of selecting locations, with plans to announce more details when the final decision is made.
- With this new plant, annual auto production capacity in North America will be increased from the current 1.4 million units to 1.6 million units.
Building a New Auto Engine Plant in Canada:
- Honda plans to build a new engine plant in Canada, neighborring the existing auto plant - Honda of Canada Mfg.(HCM HCM hypertrophic cardiomyopathy. ) The annual production capacity will be approximately 200,000 units, and the plant should begin operation in 2008. Related investment is expected to be approximately US$140 million, with employment of 340 associates.
- This new engine plant will produce four cylinder engines (Paper Making) a machine in which a cylinder takes up the pulp and delivers it in a continuous sheet to the dryers.
See also: Cylinder for supply to HCM, which are now produced at Anna Engine Plant in Ohio. The Anna Engine Plant will begin supplying engines for the new auto plant in the U.S. and will also begin producing some engine components which are currently being supplied from Japan. Through this, Honda is going to further increase its local content in North America.
- The new automatic transmission plant in Georgia (with annual production capacity of more than 300,000 units) began operations this month (May 2006). With the addition of this plant, Honda will establish an integrated AT production capability and further improve production efficiency.
Expanding Business in Growth Areas
Motorcycle motorcycle, motor vehicle whose design is based on the bicycle. The German inventor Gottlieb Daimler is generally credited with building the first practical motorcycle in 1885. The motorcycle did not become dependable and popular, however, until after 1900. Business in Asia:
- Hero Honda Hero Honda Motors Ltd is the World's largest manufacturer of motorcycles (by quantity). Hero Honda is a 50:50 joint venture that began in 1984 between the Hero group of India and Honda from Japan. in India is planning to increase capacity of its existing line (by 450,000 units) as well as build a new plant with annual production capacity of 450,000 units. As a result, annual motorcycle production capacity in India will increase by an additional 900,000 units to a total of 5.2 million units by 2007.
- Honda is planning to expand motorcycle production capacity in the Philippines and Pakistan. With these expansion plans, the annual motorcycle production capacity in Asia will reach 14 million units by 2007 - an increase of 6 million units in three years, compared to the 8 million unit capacity in 2004.
Automobile Business in Asia:
- Honda has decided to undertake the plan to double automobile production capacity in India three years ahead of the original schedule. Annual automobile production capacity in India will reach 100,000 units around the end of 2007. Honda will consider further expansion to accommodate future growth in customer demand.
Automobile Business in China:
- When Guangzhou Honda's second auto plant with annual production capacity of 120,000 units becomes operational this fall, total automobile production capacity in China will reach 530,000 units. Honda will consider further expansion based on future market trends.
Automobile Business in South America:
- Honda is planning to double production capacity of its auto plant in Brazil to 100,000 units by 2008.
Based on these expansion plans and other initiatives, Honda envisions 2010 global unit sales unit sales
Sales measured in terms of physical units rather than dollars. Unit sales data are often used by financial analysts when evaluating the health of a company. of more than 4.5 million units for automobiles, 18 million units or more for motorcycles, and 7 million plus units for power products.
3. Strengthening our Commitment to Reduce Environmental Footprint
Under the direction of "commitment for the future," Honda will continue pursuing more proactive efforts to reduce its environmental footprint with the main focus on CO2 reduction.
Reduction of CO2 Emissions - Setting Voluntary Goals
- Honda voluntarily sets global CO2 reduction goals for its products and production activities and is accelerating its efforts to achieve those goals.
- In 2000, the global average of CO2 exhaust Exhaust may refer to:
- Honda now strives to achieve a further reduction of 5% or more, aiming to accomplish a total 10% reduction by 2010 compared to the level of 2000. Honda will also work toward a 10% reduction both for motorcycles and power products.
- At Honda, the global average of CO2 emissions to produce one automobile also declined by approximately 5% during the five year period up to 2005. Honda is working toward a further reduction by 5% or more by 2010 to achieve a total reduction of 10% compared to the level of 2000. For motorcycle and power product production, Honda set goals to reduce CO2 emissions by 20% in each area.
- Honda is the first automaker in the world to announce global CO2 reduction goals for its products and production activities.
New Dedicated Hybrid Vehicle For other types of "Hybrid Transportation", see .
A hybrid vehicle (HV) is a vehicle that uses two or more distinct power sources to propel the vehicle such as:
- Honda is now developing a new dedicated hybrid vehicle suitable for family use in major automobile markets in the world. With this new dedicated hybrid vehicle Honda will achieve further advancement of fuel efficient technologies and a major cost reduction, which will enable Honda to offer this vehicle in 2009 at a price level lower than the Civic Hybrid.
- Production of all-new, more-affordable, dedicated hybrid vehicle, including the hybrid unit, will be produced at Suzuka Factory. The worldwide sales plan is approximately 200,000 units per year that includes projected North American North American
named after North America.
North American blastomycosis
see North American blastomycosis.
North American cattle tick
see boophilusannulatus. sales volume 100,000 units.
New Clean Diesel:
- Based on the current highly successful diesel engine currently sold in Europe, Honda is now developing a cleaner next-generation 4-cylinder diesel engine. This engine will meet the U.S. EPA's stringent Tier2 BIN5 emission standard Emission standards are requirements that set specific limits to the amount of pollutants that can be released into the environment. Many emission standards focus on regulating pollutants released by automobiles (motor cars) and other powered vehicles but they can also regulate requiring NOx emission levels equivalent to a gasoline-powered vehicle. Honda plans to introduce this super-clean diesel engine to market within the next three years.
- Honda will also work toward development of a clean V6 diesel engine.
- While improving the fuel efficiency of gasoline engines gasoline engine: see internal-combustion engine.
Most widely used form of internal-combustion engine, found in most automobiles and many other vehicles. with Advanced VTEC VTEC
verocytotoxin producing Escherichia coli. , Advanced VCM VCM Vinyl Chloride Monomer
VCM Variable Cylinder Management (Honda)
VCM Virtual Channel Memory
VCM Value Chain Management
VCM Voice-Coil Motor
VCM Vehicle Control Module
VCM Vignette Content Management , and other technologies, Honda will expand application of hybrid technology to smaller size vehicles and diesel technology to medium-to-large size vehicles. Thorough these comprehensive efforts leveraging the unique characteristics of each environmental technology, Honda will accelerate its effort to reduce CO2 emissions.
- Honda plans to install fuel injection on the majority of models for sale worldwide by the end of 2010.
- Moreover, Honda will introduce new engine technologies such as super-low friction engines, which will improve fuel economy by up to 13% compared to the current level, and VCM systems for motorcycles, which will improve fuel economy by up to 30% compared to the current level.
Fuel Cell Vehicle:
- Honda is currently developing a new vehicle based on the technology and design of the FCX FCX French Connexion (gaming site)
FCX Freeport-McMoran Copper & Gold Inc (stock symbol)
FCX Fuel Cell Experiment (Honda)
FCX Fire Coordination Exercise
FCX Fire Control Exercise Concept, and a drivable model will be unveiled in fall of this year. Honda plans to begin sales of this new fuel cell vehicle within the next three years.
Solar Cell solar cell, semiconductor devised to convert light to electric current. It is a specially constructed diode, usually made of silicon crystal. When light strikes the exposed active surface, it knocks electrons loose from their sites in the crystal. :
- Solar cell panels developed by Honda are currently installed and utilized at 15 Honda facilities worldwide, the Suzuka Factory will be added to this list in fall of this year.
- Honda will begin the production and sales of solar panels in fall of this year, within limited areas. Honda will begin mass production of the solar panel by establishing a production line with the annual capacity of 27.5 megawatts at Honda's Kumamoto Factory in 2007.
Honda will further strengthen its ability to create advanced technologies and products that represent the uniqueness of Honda with the goal to become number one in the world in creating new value and joy for our customers.
About Honda Motor Co., Ltd.
Honda Motor Co., Ltd. (TSE See Tokyo Stock Exchange.
1. See Tokyo Stock Exchange (TSE).
2. See Toronto Stock Exchange (TSE). : 7267)(NYSE NYSE
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HMC Hoffman Modulation Contrast )(LSE LSE - Language Sensitive Editor : HNDA.L) 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.
Source: Honda Motor Co., Ltd.
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