Tuesday, July 26, 2011

Honda Vietnam to build third motorcycle production plant

Honda motor's, motorcycle and automobile sales unit, Honda Vietnam (HVN) is planning to build its $120m third motorcycle production plant in Ha Nam Province, Vietnam.

The new plant is part of company's plan to expand its total annual production capacity by 500,000 units in order to meet demand of the motorcycle market in the region.

HVN is expected to invest $120m in the new plant which is scheduled to become operational in the second half of 2012.

The third plant is expected to open in the second half of 2012 and increase HVN's annual production capacity to 2.5 million motorcycles from 2 million.

Since starting production in 1997, Honda Vietnam has produced 9.6 million motorcycles and its market share reached 64% last year.

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