world-news

Honda to build plant in Mexico

Mexico City, May 4 : The Mexican unit of Japanese auto giant the Honda Motor Co. announced plans to invest USD 470 million in the construction of a transmission plant in Celaya, in the central state of Guanajuato.


The president of Honda Mexico, Isamu Yamaki, and Tetsuo Iwaumura, COO of Honda North American regional operations, made an announcement before Mexico's secretary of the economy, Ildefonso Guajardo, that the new plant joins the others that the company has in this country, the company said in a communique.

The Mexican economy secretary said that Mexico is currently the eight-largest manufacturer of vehicles in the world and the fourth largest exporter of light vehicles.

The new plant will start up operations in the second half of 2015, with a production capacity of 350,000 transmissions per year, with the plan to boost production to double that number over the coming years.

It will create 1,500 jobs by the time it reaches its maximum production of 700,000 units per year.

This is the third Honda plant in the Americas. It will make transmissions both for cars manufactured in Mexico as well as for the brand's automotive plants in other parts of North America.

--IANS (Posted on 04-05-2013)

world-news headlines

Shamim Khan emerges on top at Surya Nepal Masters

South Sudan: UN concerned over attack on base sheltering civilians

Cote d'Ivoire: UN urges consultations on reforming electoral commission

Syria: UN issues plea to save besieged civilians

UN seeks sustainable food systems to adapt climate change

Mali: UN seeks continued support for peace and stability

UN reaffirms support to peacebuilding in Somalia

DR Congo: UN pledges support to upcoming polls

Bangladesh: UN welcomes payments to survivors of factory collapse

Nepal's former PM set to lead constitution drafting process

Twitter outrage over David Haye selfie with Metropolitan policeman

Nothing 'fundamentally' wrong with McLaren despite poor performance in F1: Eric Boullier

Quick Links: Goa | Munnar | Pondicherry | Free Yearly Horoscope '2014

Comments

Your e-mail:


Your Full Name:


Type verification image:
verification image, type it in the box

Message:

Back to Top