Honda to Build Third Motorcycle Production Plant in Vietnam

Hanoi, Jul 25, 2011 (ACN Newswire via COMTEX)—Honda Vietnam Co., Ltd. (HVN), a Honda motorcycle and automobile sales and production joint venture in Vietnam, announced plans to build a third motorcycle production plant and expand its total annual production capacity by 500,000 units to accommodate consistent and rapidly growing demand of the motorcycle market in Vietnam.

HVN began motorcycle production in 1997, and by 2011, reached a total annual production capacity of 2 million units. The addition of the third plant will further increase HVN’s production capacity to 2.5 million units.

With an expected total investment of US$ 120 million (approximately 9.6 billion yen(1), the third plant is scheduled to become operational in the second half of 2012, in Ha Nam Province, approximately 40 kilometers south of Hanoi.

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