Honda to Build a New Auto Plant in Argentina.Buenos Aires Buenos Aires (bwā`nəs ī`rēz, âr`ēz, Span. bwā`nōs ī`rās), city and federal district (1991 pop. , Argentina, July 17, 2007 - (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 de Argentina S.A. (HAR), a Honda subsidiary in Argentina, announced that it has decided to build a new automobile plant and begin local production in Argentina. HAR will acquire new property in Buenos Aires province Buenos Aires Province (IPA: [ˈbwenos ˈaiɾes], Spanish: Provincia de Buenos Aires) is the wealthiest and most populated province of Argentina. for the construction of a new automobile production plant with processes to include stamping, welding welding, process for joining separate pieces of metal in a continuous metallic bond. Cold-pressure welding is accomplished by the application of high pressure at room temperature; forge welding (forging) is done by means of hammering, with the addition of heat. , painting, and final assembly as well as engine assembly. The company is targeting the production start-up of this new plant in the latter half of 2009, with an annual production capacity of 30,000 units. The total investment related to the establishment of the new plant is expected to be approximately US$100 million. The company is planning to hire 800 new associates. Due to increased economic stability, the automobile market in Argentina has been rapidly recovering over the past few years. In 2006, the market size reached approximately 450,000 units (up 17% from a year earlier), a substantial increase compared to the market size of approximately 98,000 units in 2002. Honda sales are undergoing a favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. growth, having reached 7,300 units in 2006 - up 50% from a year earlier. With continued market growth expected in Argentina, Honda will begin local automobile production to fulfill ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. expanding market demand. Moreover, the new plant will begin exporting products to other countries in the 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. region and play a key role in Honda's production network in South America along with the Honda auto plant in Brazil. About Honda Motor de Argentina S.A.
Establishment: August 1978
Capital Investment: ARS 16.318 million
Capitalization Ratio: 95.4% Honda Motor Co., Ltd.
4.6% Honda Automoveis do Brasil Ltda.
Representative: Kenzo Yoshino, President
Location:
- Headquarter: Buenos Aires, Buenos Aires province
- Motorcycle plant: Florencio Varela, Buenos Aires province
Business: Production of motorcycles, sales of Honda
motorcycles, automobiles, power products
Employment: 144 associates
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. Production Plant Start of Operatio : June 2006 Annual Production Capacity: 15,000 units Production Model: C105Biz New Automobile Production Plant - Plan Start of Operation: Latter half of 2009 Annual Production Capacity: 30,000 units Production Model: Compact passenger vehicle 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. Corporate Communications Division corporate_pr@hm.honda.co.jp Telephone: +81-(0)3-5412-1512 Facsimile: +81-(0)3-5412-1545 Japan Corporate News Network. All rights reserved. |
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