Bangkok--22 Aug--Aziam Burson-Marsteller
Asian Honda Motor Co., Ltd., Honda's Asia-Oceania 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 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 1.280 billion baht and it will employ around 200 associates.
Asian Honda Motor Senior Vice President Adisak Rohitasune said, "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 1.280 billion baht
President Toshio Sugiyama
Employment: Approximately 200 associates (Planned)
Business: Manufacturing body spare parts for the automobile