Honda builds parts plant in Thailand to meet demand

Newswire

TOKYO, Aug 22 (Reuters) - Honda Motor Co. , Japan's third-biggest car maker, said on Tuesday it is investing about 3.8 billion yen ($32.7 million) to build a body spare parts manufacturing plant in Thailand, aiming to keep pace with strong demand for those parts in the growing Asian automobile markets. Asia Parts Manufacturing Co. Ltd., a new Honda subsidiary located in Ayutthaya province, will have an annual output capacity of 550,000 parts and start production in June 2007, the company ...

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