Honda to Open New Body Spare Parts Manufacturing Company in Thailand.Tokyo, Japan, Aug 22, 2006 - (JCN Newswire) - Asian Honda Motor Co., Ltd., Honda's Asia-Oceania Oceania (ōshēăn`ēə, –ā`nēə) or Oceanica (ōshēăn`ĭkə) regional headquarters, announced that Board of Investment (BOI) of Thailand granted permission to set up a new body spare parts manufacturing company in Thailand. The new factory will strengthen Honda's ability to respond quickly to the demand for body spare parts in the rapidly-growing Asian automobile markets. Asian Parts Manufacturing Co., Ltd., a new Honda subsidiary located in Ayutthaya Ayutthaya (äy  tī`ə), or Phra Nakhon Si Ayutthaya (prä näkôn` sē), city (1990 pop. province, will start production in June 2007. The company
will produce body spare parts for global models including the Honda CR-V
and Honda Jazz (Fit) for countries in Asia-Oceania as well as in Europe
and Japan. Total investment for the new factory is approximately 1.279
billion baht and it will employ around 200 associates.The Asia-Oceania automobile market is expanding, with body spare parts sales increasing 114% from April '05 to March '06 compared to the previous year. Until now, body spare parts have been produced by Honda's automobile factories and suppliers in each Asia-Oceania country. With the new factory, Honda will consolidate its spare parts production into a single location to ensure the highest quality, reduce costs and improve logistics. Company Information
Name: Asian Parts Manufacturing Co., Ltd.
Established: April, 2006
Starts operation: June, 2007 (Planned)
Location: Rojana Industrial Park, Ayutthaya province,
Kingdom of Thailand
Capital Investment: 700 million baht
Capitalization Ratio: 80% Asian Honda Motor Co., Ltd.
20% Honda Motor Co., Ltd.
Total Investment: Approximately 1.279 billion baht
President: Toshio Sugiyama
Employment: Approximately 200 associates (Planned)
Business: Manufacturing body spare parts for the automobile
About Honda Motor Co., Ltd. Honda Motor Co., Ltd. (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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