Honda Vietnam to Open Piston Workshop and Welcome the 15 Million

Honda Vietnam to Open Piston Workshop and Welcome the 15 Millionth Motorcycle
Unit Manufactured 
Tokyo, Mar 21, 2014 - (JCN Newswire) -  Honda Vietnam held an opening ceremony
to put its new piston workshop into operation on March 20th, and on the
following day the company welcomed the 15 millionth motorcycle unit
manufactured in Vietnam. This is the landmark for the firm development of Honda
Vietnam and also persuasive proof for the commitment of long-term and
sustainable investment by Honda in Vietnam. 
On March 20th, 2014, Honda Vietnam opens the first Piston workshop in Vietnam.
Improving localization rate in order to create new products with competitive
price, at the same time make contribution to the development of supporting
industries is the target of Honda Vietnam over the past years. Besides the
development of supplier network nationwide, Honda Vietnam also tries its best
to gradually increase the localization rate for its products. After the opening
of casting workshop for engine details and sintering workshop, the official
operation of Piston workshop will help Honda Vietnam increase the localization
rate of products and create foundation for export activities. 
Piston production workshop is built on an area of more than 3,000 m2, which is
in the campus of Honda Vietnam factory in Phuc Thang - Phuc Yen - Vinh Phuc
With total investment of nearly VND 230 billion, Honda Vietnam's piston
workshop is designed with a maximum capacity of 2.4 million units/year and it
was put into official operation on April 1, 2014. 
Together with the engine casting workshop with a capacity of 2 million
units/year, a sintering workshop with a capacity of up to 2.3 million
units/year, and a spare parts center with a large total area and investment yet
to be put into operation, the official operation of the piston workshop will be
the next step for the accomplishment of infrastructure, creating a firm
foundation for local manufacturing and export expansion. 
Being established in 1996, Honda Vietnam finished the first bike in 1997.
Since then, Honda Vietnam has experienced memorable historic landmark such as
anniversary ceremony for the 5 millionth bike held in July, 2008 and the 10
millionth bike capacity anniversary held in September, 2011 and the anniversary
ceremony for the 15 millionth bikes on March 21th, 2014. 
The 15 millionth MC unit is an Air Blade. Air Blade is firstly launched in
Vietnam market in April, 2007 and becomes the leading model in the market. 
After nearly 7 years, Air Blade brings success to Honda in Vietnam market with
accumulated sales of up to more than 2 million units. 
On this occasion, Honda Vietnam would like to send its grateful words to all
Vietnam customers who give great support and trust to Honda Vietnam products
over the past years. Honda Vietnam will continue to strive to better serve the
customers' demands, not only meeting the customers' demands in a
timely and professional manner but also bringing customers products of best
Honda Vietnam aims to enhance exports in order to reach the target to turn
Vietnam into a motorcycle export centre of Honda. In 2013, Honda Vietnam has
exported to foreign countries 40,000 units and export target in 2014 will be
100,000 units.
 There are a lot of difficulties facing Honda Vietnam ahead, however, with the
valuable trust and support from customers, Honda Vietnam will keep trying to
best serve customers' demands, contributing to the common development and
prosperity of Vietnam country. 
About Honda 
Honda Motor Co., Ltd. (TSE:7267/NYSE:HMC) 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 
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