Honda to Build New Automobile Production Plant in Thailand and I

Honda to Build New Automobile Production Plant in Thailand and Increase Total
Annual Production Capacity in Thailand to 420,000 Units in 2015 
Bangkok, Feb 6, 2013 - (JCN Newswire) -  Honda Automobile (Thailand) Co., Ltd.
(HATC), Honda's automobile production and sales subsidiary in Thailand,
today announced plans to build a new automobile production plant with an annual
production capacity of 120,000 units. The new plant will be located within the
property that Honda newly acquired in Prachinburi Province (approximately 120km
east of Bangkok). 
With an investment of approximately 17.15 billion baht (approximately 44.6
billion yen*), including acquisition of the land and construction of the
automobile assembly and engine plant, the new plant is scheduled to become
operational in 2015 with initial employment of approximately 1,200 associates
(excluding seasonal). HATC will strive to establish a highly efficient
production system at the new plant through various efforts including shortening
of production processes and introduction of latest production technologies
including new painting and welding equipment. HATC is planning to produce
primarily small and sub-compact sized vehicles at the new plant, for which
demand is increasing on a global basis. 
Furthermore, annual production capacity of HATC's existing plant in
Ayutthaya is increased from 240,000 to 280,000 units as of the end of January
2013, through the addition and upgrading of the existing facilities and
equipment. HATC is planning to make an additional investment to increase the
annual production capacity of the existing plant to 300,000 units in 2014.
Combined with the capacity of the new plant, HATC's total annual
production capacity will be increased to 420,000 units in 2015. 
Envisioning the continuous growth of the small car market in Thailand and
exports to ASEAN, Oceania, the Middle & Near East, Africa and Caribbean
countries, HATC will increase its production capacity while also enhancing its
product lineup. 
* Calculated with an exchange rate of 1 baht = 2.6 yen 
About Honda Automobile (Thailand) Co., Ltd. 


Established:          December 2000
Capital Investment:   5.46 billion baht
Capitalization Ratio: 75.94% Honda Motor Co., Ltd.
                      13.05% Asian Honda Motor Co., Ltd.
                      11.01% Others
Representative:       Hiroshi Kobayashi/President
Location:             Ayutthaya Province, Thailand
Business Areas:       Production and sales of automobiles
Production Models:    Brio, Brio Amaze, Jazz (known as Fit in Japan),
                      Jazz Hybrid, City, City CNG, Civic, Accord, CR-V
Production Capacity:  280,000 units per year
Employment:           Approximately 4,100 associates (excl. seasonal)

 
About Honda 
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. 
Contact: 
Honda
Media Inquiries
corporate_pr@hm.honda.co.jp
+81-3-5412-1512 
Copyright 2013 JCN Newswire. All rights reserved. www.japancorp.net 
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