Honda Motor Co., Ltd. announced plans to build a new automobile transmission plant within its Hamamatsu Factory in order to strengthen production of automobile automatic transmissions (AT) and continuously variable transmissions (CVT), to meet growing global demand.
The new automobile transmission plant will utilize a portion of the factory site where the motorcycle plant is currently located (the transfer of motorcycle engine production to Honda’s Kumamoto Factory will be completed in 2009). With relocation of the existing facilities within Hamamatsu Factory and introduction of a new production line, the plant will make full use of advanced technologies and establish a high quality and highly efficient production system. With the new plant, annual AT and CVT production capacity at the Hamamatsu Factory will increase from the current 700,000 units to 1.1 million units.
The new plant is scheduled to become operational within 2010, and related investment is expected to reach approximately 14 billion yen.
Source: JCN Newswire