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 news 

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 CET

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
12/02 HONDA MOTOR : Takuma Sato joins Andretti for 2017 IndyCar season
12/02 HONDA MOTOR : DURHAM Police identify woman killed by own car
12/02 HONDA MOTOR : Woman who allegedly hid cocaine in vagina denies drug charge
12/02 HONDA MOTOR : Durham woman killed by own car identified
12/02 HONDA MOTOR : Royal City man arrested for DUI after injury collision
12/02 HONDA MOTOR : Woman charged for eluding police in stolen car
12/02 HONDA MOTOR : Loose ladder causes morning vehicle pileup, traffic backup
12/02 HONDA MOTOR : Man says tailgater fired pellet gun at his truck
12/02 TUNISIE : Honda, sponsor de l'Espérance Sportive de Tunis
12/02 HONDA MOTOR : SR 12 high speed chase ends with K-9 pursuit, Longview man collare..
More news
Sector news : Auto & Truck Manufacturers - NEC
12/02DJCEO Mark Fields Says Ford Still Moving Small-Car Output to Mexico Despite Tru..
12/02DJCEO Mark Fields Says Ford Still Moving Small-Car Output to Mexico Despite Tru..
12/02DJFORD MOTOR : CEO Mark Fields Says Ford Still Moving Small-Car Output to Mexico D..
12/02DJFORD MOTOR : CEO Says Ford Still Moving Small-Car Output to Mexico
12/02 Trump creates business advisory council stacked with CEOs
More sector news : Auto & Truck Manufacturers - NEC
News from SeekingAlpha
12/02 Honda blazes ahead of Toyota in China
12/02 November Auto Sales Off To A Solid Start
12/01 HONDA NOV. U.S. SALES : +7%
11/30 EV Company News For The Month Of November 2016
11/30 Trump overhang may be easing for automakers
Advertisement
Financials ( JPY)
Sales 2017 13 637 534 M
EBIT 2017 -
Net income 2017 511 493 M
Debt 2017 2 651 557 M
Yield 2017 2,59%
P/E ratio 2017 11,97
P/E ratio 2018 11,12
EV / Sales 2017 0,65x
EV / Sales 2018 0,66x
Capitalization 6 151 611 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
TrendsBullishBullishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 3 518  JPY
Spread / Average Target 3,6%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Takahiro Hachigo President & Chief Executive Officer
Fumihiko Ike Chairman
Mitsugu Matsukawa Executive Officer & GM-Information Technology
Tetsuo Iwamura Representative Director & Executive Vice President
Nobuo Kuroyanagi Outside Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
HONDA MOTOR CO LTD-11.88%53 925
TOYOTA MOTOR CORP-9.65%191 843
DAIMLER AG-19.58%71 279
VOLKSWAGEN AG-10.47%66 739
GENERAL MOTORS COMPANY7.12%55 532
BAYERISCHE MOTOREN WER..-17.99%55 450
More Results