Honda to Build Second Motorcycle Plant in Vietnam
Looks like people need more bikes and we are glad to see that motorcycle producers are responding to the needs of their costumers and increasing overall demands.
Vietnam, July 18, 2007-Honda Vietnam Co., Ltd. (HVN, President: Koji Onishi), a Honda subsidiary in Vietnam, announced it has begun construction of its second motorcycle plant in order to continue responding to the diversifying needs of customers and increasing overall demand for motorcycles in Vietnam.
The second plant will be located adjacent to the existing motorcycle plant in Vinh Phuc Province, the suburbs of Hanoi. With total investment of approximately US$65 million, the new plant is scheduled to begin mass production in the latter half of 2008, with initial annual production capacity of 500,000units and employment of approximately 1,400 associates. Combined with the existing plant’s one million units in annual production capacity, Honda’s annual motorcycle production capacity in Vietnam will be expanded to 1.5 million units.
With increased production capacity, Honda will continue to make an effort to be a company that society wants to exist in Vietnam by enhancing traffic safety promotion activity in addition to continued aggressive introduction of products with advanced environmental and safety technology.