Honda Strengthens R&D Capability in Asia Oceania Region by Establishing Automobile R&D Center in Thailand.Tokyo, Japan, Oct 31, 2005 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - Honda R&D Co., Ltd., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Honda responsible for research & development activities, today announced that it had obtained permission to establish an automobile R&D company in the Kingdom of Thailand to strengthen Honda's ability to quickly respond to the ever diversifying needs of customers in rapidly growing Asian automobile markets. A new Honda subsidiary, Honda R&D Asia Pacific Co., Ltd., will be established on December 1 and the new R&D center to become operational in 2007. The new company also plans to build a new test course in the future. The total investment is estimated to be approximately 2.4 billion baht baht n. pl. bahts or baht See Table at currency. [Thai b  t.]Noun 1. (approximately 7 billion yen). In addition to the development of locally-produced parts, the new subsidiary will conduct a wide range of product development activities locally, including product planning Product Planning is the ongoing process of identifying and articulating market requirements that define a product’s feature set. See also
ASEAN in full Association of Southeast Asian Nations International organization established by the governments of Indonesia, Malaysia, the Philippines, Singapore, and Thailand in countries, Southwest Asia Southwest Asia or Southwestern Asia (largely overlapping with the Middle East) is the southwestern portion of Asia. The term Western Asia is sometimes used in writings about the archeology and the late prehistory of the region, and in the United States subregion , East Asia East Asia A region of Asia coextensive with the Far East. East Asian adj. & n. , and Oceania, and to conduct R&D activities that take root in each local market. Previously in Thailand, Honda opened a motorcycle R&D center, Honda R&D Southeast Asia Southeast Asia, region of Asia (1990 est. pop. 442,500,000), c.1,740,000 sq mi (4,506,600 sq km), bounded roughly by the Indian subcontinent on the west, China on the north, and the Pacific Ocean on the east. Co., Ltd., in December, 2004. With the establishment of its new auto R&D center, Honda will accelerate regional research and development functions and technology transfer in that country. Company Information
Name: Honda R&D Asia Pacific Co., Ltd.
Establishment: December 1, 2005
Location: Bangkok, Kingdom of Thailand (plan)
Capital Investment: 200 million baht (approximately 580 million yen)
Capitalization Ratio: 100% Honda R&D Co., Ltd.
Total Investment: Approximately 2.4 billion baht
(approximately 7 billion yen).
Employment: Approximately 120 associates (2007)
Business: Research & development for automobiles for
Asia Oceania markets including: development of
locally-produced parts, product planning,
styling research, testing ofcomplete cars, etc.
Copyright [c] 2005 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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