Honda to Build New Powertrain Plant in China.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, Oct 17, 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 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. Motor Co., Ltd. today announced plans to establish Honda Auto Parts Auto parts are components of automobiles. They mainly are, in alphabetic order (only car specific articles or articles with car section):
Recorded in asset accounts and then depreciated or amortized, as is appropriate for expenditures for items with useful lives longer than one year. at US$ 90 million. The company will build a new plant in Nanhai Nanhai (南海, pinyin: Nánhǎi) is a district of Foshan prefecture-level city, in Guangdong province, southern China. History The town was established in 1271 by two brothers carrying their fathers bones. District of Foshan City, Guangdong Province Noun 1. Guangdong province - a province in southern China Guangdong, Kwangtung and manufacture automobile transmissions as well as other powertrain components including drive shafts drive shaft also drive·shaft n. A rotating shaft that transmits mechanical power from a motor or an engine to a point or region of application. and engine parts which will be supplied to Honda's automobile production joint ventures in China. The new company plans to begin production in spring 2007, with initial production capacity of 240,000 units per year. The new plant will initially accommodate machining and assembly of transmissions and drive shafts as well as machining of crank shafts a shaft bent into a crank, or having a crank fastened to it, by which it drives or is driven. See also: Crank and connecting rods for engines. The company is planning later to add the machining of gears as well as production of control parts, both key high value transmission components currently supplied from Japan. Local production of these components enables Honda to secure an adequate supply to support expansion of Honda's automobile production in China, and also to further increase local content of powertrain components, which will help facilitate cost reduction and strengthen Honda's competitiveness in the market. In China, two Honda joint venture companies, Guangzhou Honda Automobile Co., Ltd. and Dongfeng Honda Automobile Co., Ltd., are manufacturing automobile products for the domestic market, while Honda Automobile (China) Co., Ltd. manufactures automobiles for export. In order to continue to meet growing demand in China, both Guangzhou Honda and Dongfeng Honda are currently undertaking further expansion of production capacity. Overall annual production capacity of Honda's three joint venture automobile plants will reach 530,000 units by the latter half of 2006 -- 360,000 units at Guangzhou Honda; 120,000 units at Dongfeng Honda; and 50,000 units at Honda Automobile (China). Currently, transmissions, drive shafts, and other engine components (crank shafts and connecting rods) supplied to these automobile production plants are being locally manufactured by Honda's existing engine and parts production joint venture companies. The new company will share roles and work in a complementary way with the existing parts production companies in order to expand local production of powertrain components. The new plant will be Honda's fourth major automatic transmission plant in the world after Ohio in the U.S., Indonesia, and Georgia Georgia, country, Asia Georgia (jôr`jə), Georgian Sakartvelo, Rus. Gruziya, officially Republic of Georgia, republic (2005 est. pop. 4,677,000), c.26,900 sq mi (69,700 sq km), in W Transcaucasia. in the U.S. (currently under construction). By adding this new plant, Honda will strengthen its transmission supply capability to support worldwide automobile production. About Honda Auto Parts Manufacturing Co., Ltd.
Established: October 2005
Capital Investment: US$ 90 million - 100% Honda Motor (China) Investment
Co., Ltd.
Total Investment : US$ 98 million
Location : Nanhai District, Foshan City, Guangdong Province
(30km west of Guangzhou)
Employment: Approximately 500 associates
(when new plant becomes operational)
Start of Production: Spring 2007
Production: Transmissions (AT/MT), drive shafts, crank shafts,
connecting rods
Annual Capacity: 240,000 units (transmission)
Copyright [c] 2005 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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