|Honda Builds New Automobile Plant in Japan With Annual Production Capacity of 200,000 units|
|TOKYO, Japan, May 17, 2006– Honda Motor Co., Ltd. announced plans to build a new auto plant in Yorii, Osato county, Saitama prefecture. This new plant will begin operation in 2010 with annual production capacity of approximately 200,000 units of engines and finished automobiles.
The town of Yorii is located in the northwestern part of Saitama prefecture, approximately 35 kilometers away from Sayama city, where Honda’s existing Saitama Factory (Sayama plant) is located. After the new Yorii plant becomes operational, Honda will renovate Sayama Plant to make it the most advanced production operation.
Honda plans to begin construction of the new plant in a few years on a lot size of about 800,000 square-meters, with plans to begin operation of the new plant in early 2010. Related investment is expected to be approximately 70 billion yen, with an employment of roughly 2,200 associates at the time of production start.
When the new plant becomes operational, Honda’s total annual production capacity in Japan will be increased from the current 1.3 million units to 1.5 million units.
“Honda will establish a high quality and highly efficient manufacturing system by applying the latest technologies,” said Takeo Fukui, president & CEO of Honda Motor Co., Ltd. “The new plant will be responsible for evolving these manufacturing systems to other Honda operations across the world.”