(Reuters) - Japan's Suzuki Motor Corp will build a motorcycle factory in the Philippines that will more than double its production capacity in the Southeast Asian nation, the firm said on Saturday.
Suzuki will invest about 2.1 billion yen ($26 million) to construct the plant, which will be located in the suburbs of Manila and will have an annual production capacity of around 200,000 units.
The Japanese vehicle maker is building the new facility, slated to begin operations in June 2012, because it is unable to expand its existing Philippines plant, which has an annual production capacity of about 85,000 units, a spokesman said.
In 2010, the motorcycle market in the Philippines grew 19 percent year-on-year to around 760,000 units, according to Suzuki.
Suzuki will invest about 2.1 billion yen ($26 million) to construct the plant, which will be located in the suburbs of Manila and will have an annual production capacity of around 200,000 units.
The Japanese vehicle maker is building the new facility, slated to begin operations in June 2012, because it is unable to expand its existing Philippines plant, which has an annual production capacity of about 85,000 units, a spokesman said.
In 2010, the motorcycle market in the Philippines grew 19 percent year-on-year to around 760,000 units, according to Suzuki.
0 (mga) komento:
Mag-post ng isang Komento