Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Tokyo  >  Honda Motor Co Ltd    7267   JP3854600008

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Honda Motor Co Ltd : Honda Begins Construction of New Automobile Plant in Thailand

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/10/2013 | 07:58am CEST

BANGKOK, Thailand, July 10, 2013 - Honda Automobile (Thailand) Co., Ltd. (HATC), Honda's automobile production and sales joint venture company in Thailand, today held a ceremony to mark the start of construction of its new automobile production plant (to be located within the Rojana Industrial Park in Prachinburi Province). The ceremony was attended by Thailand Prime Minister Yingluck Shinawatra and Japanese Ambassador to Thailand Shigekazu Sato as a guest of honor, as well as Takanobu Ito, President & CEO of Honda.

With an investment of approximately 17.15 billion baht (approximately 54.9 billion yen*1), including acquisition of the land and construction, the new plant is scheduled to become operational in 2015, with annual production capacity of 120,000 units and initial employment of approximately 1,200 associates (excluding seasonal). HATC is planning to produce primarily small and sub-compact sized vehicles at the new plant, for which demand is increasing on a global basis. HATC will strive to establish a highly efficient production system at the new plant through various efforts including shortening of production processes and introduction of the latest production technologies in the painting and welding processes.

Furthermore, HATC is planning to make an additional investment in its existing plant in Ayutthaya to further increase the plant's annual production capacity from the current 280,000 units to 300,000 units in 2014, by extending the production line. Combined with the capacity of the new plant, HATC's total annual production capacity will be increased to 420,000 units in 2015.

Honda's automobile sales in Thailand for the fiscal year ended March 31, 2013 totaled 240,675 units, becoming the best-selling automobile brand in Thailand passenger car segment*2. Envisioning the continuous growth of the small car market in Thailand and exports to countries in ASEAN, Oceania, the Middle & Near East, Africa and the Caribbean, HATC will increase its production capacity while also enhancing its product lineup.

*1 Calculated with an exchange rate of 1 baht = 3.2 yen *2 Honda internal research Comments by Takanobu Ito, President & CEO of Honda:

Thailand has long been one of our key markets and an important R&D and production base for Honda in the Asia/Oceania region. Honda will continue to create high-quality automobiles that meet customer needs and to fulfill our strong environmental commitment to leave 'Blue Skies for Our Children' while continuing to grow our business along with the growing prosperity of Thailand.

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on HONDA MOTOR CO LTD
04/28 CORRECTION : Exploding Air Bags-New Problem story
04/28 HONDA MOTOR CO LTD (NYSE : HMC) reported earnings of $0.47 per share beating Wal..
04/28 HONDA MOTOR : posts 4Q profit
04/28 HONDA MOTOR : Begins New Joint Research in Artificial Intelligence with Kyoto Un..
04/28 HONDA MOTOR : sees auto sales edging up, profit sliding in 2017-18
04/28 HONDA MOTOR : sees auto sales edging up, profit sliding in 2017/18
04/28 HONDA MOTOR : Consolidated Financial Summary for the Fiscal Year and the Fiscal ..
04/28 HONDA MOTOR : posts quarterly profit on lower recall costs
04/28 HONDA MOTOR : group net profit up 79.0% in FY 2016
04/27 HONDA MOTOR : NYPD officer charged after off-duty crash in Queens, police said
More news
Sector news : Auto & Truck Manufacturers - NEC
02:18a Apple, Tesla ask California to change proposed self-driving car test policy
02:18a Apple, Tesla ask California to change proposed self-driving car test policy
01:32a Tesla must complete brake fix to regain top safety rating - Consumer Reports
12:32a FORD MOTOR : Improvements to South Korea-U.S. trade deal may not shrink America'..
04/28 Tesla recruiting engineers in Mexico for California plant
More sector news : Auto & Truck Manufacturers - NEC
News from SeekingAlpha
04/28 U.S. car sales expected to fall this year
04/28 Profit tightens at Honda as R&D emphasized
04/28 Honda Motor Co. Ltd. reports FY results
04/28 Honda Motor reports FY results
04/27 Notable earnings before Friday?s open
Advertisement
Financials ( JPY)
Sales 2018 14 501 900 M
EBIT 2018 677 100 M
Net income 2018 621 652 M
Debt 2018 4 339 557 M
Yield 2018 3,12%
P/E ratio 2018 9,39
P/E ratio 2019 8,54
EV / Sales 2018 0,70x
EV / Sales 2019 0,75x
Capitalization 5 854 537 M
More Financials
Chart HONDA MOTOR CO LTD
Duration : Period :
Honda Motor Co Ltd Technical Analysis Chart | 7267 | JP3854600008 | 4-Traders
Full-screen chart
Technical analysis trends HONDA MOTOR CO LTD
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 3 824  JPY
Spread / Average Target 18%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Takahiro Hachigo President, CEO & Representative Director
Mitsugu Matsukawa GM-Information Technology & Executive Officer
Yoshiyuki Matsumoto Director & Senior Managing Executive Officer
Yoshi Yamane Director & Senior Managing Executive Officer
Takashi Sekiguchi Director & Managing Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
HONDA MOTOR CO LTD-5.22%52 873
TOYOTA MOTOR CORP-12.24%179 538
VOLKSWAGEN AG9.15%79 378
DAIMLER AG-3.44%79 355
BAYERISCHE MOTOREN WER..-1.24%61 771
GENERAL MOTORS COMPANY-0.57%51 740
More Results