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Honda invests $470 million for new transmission plant in Mexico
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MummyChunk
May 9, 2013, 1:19:13 AM5/9/13
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Honda to Build New Transmission Plant in Celaya, Mexico
Operation will be on same site as new automobile plant now under
construction
05/02/2013 - CELAYA, Mexico
Honda de Mexico, S.A. de C.V. (HDM) today announced plans to construct
a new transmission plant in Celaya, near the city of Guanajuato, on
the same site as the new automobile plant currently under construction
that will begin production of the Honda Fit in Spring 2014.
With an initial investment of US$470 million, the transmission plant
will begin operation in the second half of 2015 with an annual
production capacity of 350,000 units, with plans to more than double
annual output in the coming years. Employment of 1,500 new associates
is expected when the plant reaches its full production capacity of
approximately 700,000 units annually.
By establishing a production base with outstanding global
competitiveness in CVT manufacturing in the same location as the new
automobile plant, Honda de Mexico will establish a highly efficient
production structure that maximizes local content in Mexico and the
rest of North America.
The new transmission plant, Honda's third in North America, will
produce continuously variable transmissions (CVTs) for automobiles
built in Mexico, where further market growth is expected, as well as
for other Honda auto plants in North America and globally. When the
new transmission plant reaches full production, Honda's transmission
capacity in North America will exceed 2 million units, and will
support Honda's capacity to produce 1.92 million automobiles per year
in the region.
"We are establishing a production base with outstanding global
competitiveness in CVT production in the same location as our new
automobile plant in Celaya," said Tetsuo Iwamura, COO of Honda
North American Regional Operations. "As we continue to advance
our commitment to build products close to the customer, we appreciate
the strong support we have received here in Mexico."
Honda established its first Mexican manufacturing operations in
September 1985. Two years later, Honda de Mexico started motorcycle
import sales and, in March 1988, began production of motorcycle
products and automobile service parts in El Salto, Jalisco. Automobile
production began in 1995 with the Accord and, in 2007, production
switched to the CR-V. Honda de Mexico has a current annual capacity of
63,000 automobiles.
With the new 200,000-unit Celaya automobile plant scheduled to begin
operation in February 2014, Honda de Mexico's annual production
capacity will increase to a total of 263,000 units. In 2012, Honda
sold 54,000 units in Mexico (up 150.6% from a year ago), with sales
volume steadily increasing.
The new transmission plant in Mexico will join existing Honda
transmission manufacturing operations in Ohio and Georgia, increasing
Honda's annual transmission production capacity in North America from
the current 1.375 million units to more than 1.7 million units in
2016, and to more than 2 million units when the Mexican plant reaches
full capacity.
About Honda
Honda established operations in America in 1959, and now employs more
than 33,000 associates in its North American sales, R&D and
manufacturing operations with a capital investment of more than $22
billion.
Based on Honda's approach of "building products close to the
customer" Honda started local production of motorcycles in the
U.S. in September 1979. In November 1982, Honda became the first
Japanese automaker to begin automobile production in the U.S. Since
then, Honda has continued to expand local production, and cumulative
production volume of automobiles in North America through March 2013
was more than 25 million units.
Honda now operates 14 major manufacturing facilities in North America,
producing a wide range of Honda and Acura automobiles, automobile
engines and transmissions, Honda all-terrain vehicles, and power
equipment products such as lawn mowers, mini-tillers and general
purpose engines, using domestic and globally sourced parts.
Seven Honda auto plants in the North American region, including four
in the U.S., have the capacity to produce 1.63 million automobiles
each year. In 2012, 90 percent of the Honda and Acura automobiles sold
in the U.S. were produced in North America. This will increase to 1.92
million vehicles per year in 2014, when the sales percentage of
locally produced automobiles is expected to rise to more than 95
percent.
Show full PR text
Honda to Build New Transmission Plant in Celaya, Mexico
Operation will be on same site as new automobile plant now under
construction
05/02/2013 - CELAYA, Mexico
Honda de Mexico, S.A. de C.V. (HDM) today announced plans to construct
a new transmission plant in Celaya, near the city of Guanajuato, on
the same site as the new automobile plant currently under construction
that will begin production of the Honda Fit in Spring 2014.
With an initial investment of US$470 million, the transmission plant
will begin operation in the second half of 2015 with an annual
production capacity of 350,000 units, with plans to more than double
annual output in the coming years. Employment of 1,500 new associates
is expected when the plant reaches its full production capacity of
approximately 700,000 units annually.
By establishing a production base with outstanding global
competitiveness in CVT manufacturing in the same location as the new
automobile plant, Honda de Mexico will establish a highly efficient
production structure that maximizes local content in Mexico and the
rest of North America.
The new transmission plant, Honda's third in North America, will
produce continuously variable transmissions (CVTs) for automobiles
built in Mexico, where further market growth is expected, as well as
for other Honda auto plants in North America and globally. When the
new transmission plant reaches full production, Honda's transmission
capacity in North America will exceed 2 million units, and will
support Honda's capacity to produce 1.92 million automobiles per year
in the region.
"We are establishing a production base with outstanding global
competitiveness in CVT production in the same location as our new
automobile plant in Celaya," said Tetsuo Iwamura, COO of Honda
North American Regional Operations. "As we continue to advance
our commitment to build products close to the customer, we appreciate
the strong support we have received here in Mexico."
Honda established its first Mexican manufacturing operations in
September 1985. Two years later, Honda de Mexico started motorcycle
import sales and, in March 1988, began production of motorcycle
products and automobile service parts in El Salto, Jalisco. Automobile
production began in 1995 with the Accord and, in 2007, production
switched to the CR-V. Honda de Mexico has a current annual capacity of
63,000 automobiles.
With the new 200,000-unit Celaya automobile plant scheduled to begin
operation in February 2014, Honda de Mexico's annual production
capacity will increase to a total of 263,000 units. In 2012, Honda
sold 54,000 units in Mexico (up 150.6% from a year ago), with sales
volume steadily increasing.
The new transmission plant in Mexico will join existing Honda
transmission manufacturing operations in Ohio and Georgia, increasing
Honda's annual transmission production capacity in North America from
the current 1.375 million units to more than 1.7 million units in
2016, and to more than 2 million units when the Mexican plant reaches
full capacity.
About Honda
Honda established operations in America in 1959, and now employs more
than 33,000 associates in its North American sales, R&D and
manufacturing operations with a capital investment of more than $22
billion.
Based on Honda's approach of "building products close to the
customer" Honda started local production of motorcycles in the
U.S. in September 1979. In November 1982, Honda became the first
Japanese automaker to begin automobile production in the U.S. Since
then, Honda has continued to expand local production, and cumulative
production volume of automobiles in North America through March 2013
was more than 25 million units.
Honda now operates 14 major manufacturing facilities in North America,
producing a wide range of Honda and Acura automobiles, automobile
engines and transmissions, Honda all-terrain vehicles, and power
equipment products such as lawn mowers, mini-tillers and general
purpose engines, using domestic and globally sourced parts.
Seven Honda auto plants in the North American region, including four
in the U.S., have the capacity to produce 1.63 million automobiles
each year. In 2012, 90 percent of the Honda and Acura automobiles sold
in the U.S. were produced in North America. This will increase to 1.92
million vehicles per year in 2014, when the sales percentage of
locally produced automobiles is expected to rise to more than 95
percent.
JRStern
May 9, 2013, 2:28:14 AM5/9/13
to
On Thu, 09 May 2013 00:19:13 -0500,
mummy...@gmail-dot-com.no-spam.invalid (MummyChunk) wrote:
>Honda to Build New Transmission Plant in Celaya, Mexico
Hoo-boy, the jokes just write themselves.
mummy...@gmail-dot-com.no-spam.invalid (MummyChunk) wrote:
>Honda to Build New Transmission Plant in Celaya, Mexico
J.
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