Honda to Build New Motorcycle Plant in Peru.Tokyo Tokyo (tō`kēō), city (1990 pop. 8,163,573), capital of Japan and of Tokyo prefecture, E central Honshu, at the head of Tokyo Bay. , Japan, Nov 29, 2006 - (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 honda a quick release metal eyelet for the end of a lariat. When the restrained animal is no longer required it is not necessary to slacken off the loop and pull it over the head—a very great advantage when working with wild cattle or unbroken horses. del Peru S.A. (HDP HDP High Density Polyethylene HDP High Density Plasma HDP Human Dimensions of Global Environmental Change Programme HDP Hazardous Duty Pay HDP Hurricane Destruction Potential HDP Hydrocarbon Dew Point HDP Hard Drive Password ) today announced plans to establish a wholly-owned manufacturing subsidiary, Honda Selva del Peru S.A. (HSP (Hosting Service Provider) An organization that specializes in hosting Web sites. There are various levels of offerings from sharing a Web server with several other companies to having a dedicated Web server or to providing co-location services. See co-location. ), which will begin construction of a new plant in Iquitos Iquitos (ēkē`tōs), city (1993 pop. 252,312), capital of Loreto dept., NE Peru, on the Amazon River, c.2,300 mi (3,700 km) from the Amazon's mouth. It is the farthest inland port of any considerable size in the world. , Loreto Loreto (lōrĕ`tō), town (1991 est. pop. 10,780), in the Marche, central Italy, on a hill overlooking the Adriatic Sea. It has silk industries and is a famous place of pilgrimage. , in December. HSP will begin production of motorcycles in 2007, in order to meet growing demand in Peru. The 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. market in Peru has been growing rapidly since 2004. The total market reached approximately 63,000 units in 2005, a 29% increase from 2004, and is expected to reach 90,000 units in 2006. Moreover, in the near future, the overall market in Peru is expected to reach the level of 200,000 units annually, due to the continuous growth of population and income average. Honda's motorcycle sales in Peru reached approximately 12,000 units in 2005, a 35% increase from 2004. Honda expects to sell approximately 20,000 units in 2006, with further expansion expected in the future. HSP will be built in the Selva (Amazon) area with a capital investment of US$2 million. The plant will have an annual capacity of 25,000 units. The new 6,500 m2 plant building will be located on a 30,000 m2 site and will begin production of the first model, NXR NXR Naxxar (postal locality, Malta) 125, in late 2007. The potential capacity is expandable up to 100,000 units in the future with additional expansion of the building and the equipment. Honda will continue to provide attractive products in a timely manner in order to meet market demand and the growing needs of its customers. Honda del Peru S.A.
Establishment: January 1974
Began Operations: October 1976
Location: Lima, Peru
Capital Investment: US$ 12.52 million
Capitalization Ratio: 100% Honda Motor Co., Ltd.
Representative: Terumi Shibasaki, President
Business: Import and sales of Honda motorcycles,
automobiles, and power
71 associates (as of October 2006)
Honda Selva del Peru S.A. Establishment September 2006 Production start: The latter half of 2007 Location: Iquitos, Loreto, Peru Capital Investment: US$ 2 million Capitalization Ratio: 100% Honda del Peru S.A. Representative: Terumi Shibasaki, President Business: Production of Honda motorcycles Annual capacity: 25,000 units Employment: 34 associates (as of the latter half of 2007) Production model: NXR125 About Honda Motor Co., Ltd. Honda Motor Co., Ltd. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :7267/NYSE:HMC/LSE: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. Contact: Honda Motor Co., Ltd. Media Inquiries corporate_pr@hm.honda.co.jp +81-3-5412-1512 Copyright [c] 2006 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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