Honda says to build 3rd Vietnam motorcycle factory

Honda Motor Co said on Monday it would build a third motorcycle factory in Vietnam for $120 million to keep pace with rapid growth in demand in the world’s fourth-largest motorcycle market.

The factory, to be located in Ha Nam province about 40 km south of Hanoi, will have an annual production capacity of 500,000 vehicles, employing about 1,800 workers. It will build automatic transmission motorcycles starting in the second half of 2012, Honda said in a statement.

Like the other two factories, the site will be operated by local joint venture Honda Vietnam Co, owned 70 percent by Honda and 30 percent by Vietnam Engine Agricultural Machinery Corp. The third factory would raise Honda’s Vietnam motorcycle output capacity to 2.5 million vehicles a year. – Reuters

Tags: Honda Vietnam

Posted by VBN on Jul 26 2011. Filed under Automotive. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry