Honda to Build New Plant in Mexico
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Scheduled to begin operations in 2015, the new transmission facility will produce 350,000 units per year at first, with annual output to be doubled in coming years. In order to reach full production capacity of approximately 700,000 units annually, the Celaya facility will require about 1,500 employees.
"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."
The Mexican transmission plant, which is Honda’s third in North America, will need an initial investment of $470 million. The new transmissions will be destined not just for North-American-built cars, but for global Honda vehicles as well.
In other related news, Honda’s automobile plant in Celaya will begin production of the Fit five-door hatchback in Spring 2014.
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