Honda to Double Automobile Production Capacity in Pakistan.Tokyo, Japan, Sept 6, 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 Atlas Cars (Pakistan) Ltd. (HACPL), Honda's automobile production and sales joint venture in Pakistan, today held a Manufacturing Capacity Expansion ceremony of its auto plant. The ceremony was attended by dignitaries and guests including Pakistan Prime Minister Shaukat Aziz Shaukat Aziz (Urdu:: شوکت عزیز) (born March 6, 1949 in Karachi, Pakistan) is the current Prime Minister and Finance Minister of Pakistan. , Federal Minister for Industries and Production and Special Initiatives Jahangir Khan
To meet ever-increasing demand for automobiles in Pakistan, where economic growth continues, HACPL will increase production capacity by expanding plant facilities and upgrading 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. and painting equipment. The annual production capacity will be doubled from the current 25,000 units to 50,000 units by the end of 2006. Total investment for this expansion is expected to be approximately 1.67 billion rupee RUPEE, comm. law. A denomination of money in Bengal. In the computation of ad valorem duties, it is valued at fifty-five and one half cents. Act of March 2, 1799, s. 61; 1 Story's L. U. S. 627. Vide Foreign coins. 2. (approximately 2.9 billion yen/1 rupee = 1.74yen). "Honda has been building a long-term partnership with Pakistan ever since we began motorcycle business here in 1960s, and Honda would like to continue making a contribution to the economy and society of Pakistan," said Mr. Satoshi Toshida, chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Asia/Oceania Regional Operations for Honda Motor Co., Ltd. The automobile market in Pakistan reached 133,000 units in 2004 - more than double the market size three years ago in 2001. Sales of the Honda Civic The Honda Civic is a compact car manufactured by Honda. It was introduced in July 1972 as a two-door coupe, followed by a three-door hatchback version that September. With the transverse engine placement of its 1169 cc engine and front-wheel drive, like the British Mini, the and City models continues to grow and total sales from January through July this year reached approximately 18,000 units - a 90% increase compared to the same period a year ago. About Honda Atlas Cars (Pakistan) Ltd. (HACPL)
Established: November 1992
Capital Investment: 420 million rupee
Capitalization Ratio: 51% Honda Motor Co., Ltd.
30% Shirazi family
19% Public
Type of the Company: Public company listed on the stock exchanges
in Pakistan
Representative: Mamoru Suwama, President & CEO
Location: Lahore, Pakistan
Employment: Approximately 1,140 associates
(Planned to increase to 1,450 associates by
the end of 2006)
Start of Production: July 1994
Annual Capacity: 25,000 units (2-shift)
(Planned to increase to 50,000 units by
the end of 2006)
Products: Civic, City
Copyright [c] 2005 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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