Honda to build plant in Mexico

Mexico City, May 4 (IANS/EFE) The Mexican unit of Japanese auto giant the Honda Motor Co. announced plans to invest $470 million in the construction of a transmission plant in Celaya, in the central state of Guanajuato.

The president of Honda Mexico, Isamu Yamaki, and Tetsuo Iwaumura, COO of Honda North American regional operations, made an announcement before Mexico’s secretary of the economy, Ildefonso Guajardo, that the new plant joins the others that the company has in this country, the company said in a communique.

The Mexican economy secretary said that Mexico is currently the eight-largest manufacturer of vehicles in the world and the fourth largest exporter of light vehicles.

The new plant will start up operations in the second half of 2015, with a production capacity of 350,000 transmissions per year, with the plan to boost production to double that number over the coming years.

It will create 1,500 jobs by the time it reaches its maximum production of 700,000 units per year.

This is the third Honda plant in the Americas. It will make transmissions both for cars manufactured in Mexico as well as for the brand’s automotive plants in other parts of North America.



Facebook Notice for EU! You need to login to view and post FB Comments!

The opinions, beliefs and viewpoints expressed by authors, news service providers on this page do not necessarily reflect the opinions, beliefs and viewpoints of Hill Post. Any views or opinions are not intended to malign any religion, ethnic group, club, organization, company, or individual. Hill Post makes no representations as to the accuracy or completeness of any information on this site page.

Leave a comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.