Guangqi Honda to Expand Automobile Production Capacity
Just came across this news regarding Honda's plans to increase it's production capacity in China.
Guangqi Honda Automobile Co., Ltd., a Honda automobile production and sales joint venture in China, announced plans to expand its annual production capacity from the current 360,000 units to 480,000 units in order to meet continuously growing demand in the Chinese market.
Guangqi Honda's current overall production capacity of 360,000 units includes 240,000 units at the HuangPu Plant and 120,000 units at the ZengCheng Plant. The company has decided to double the annual capacity of the ZengCheng Plant to 240,000 units by the latter-half of 2011.
To expand its production capacity, the ZengCheng Plant will add new equipment. In addition, Guangqi Honda aims to enhance the plant's standing as a state-of-the-art environmentally-responsible plant through various improvements including further advancement of the "complete wastewater recycling system," which was introduced to this plant in 2006 for the first time in the world for an automobile production plant.
The total investment for this expansion is expected to be approximately 930 million RMB. Guangqi Honda's total employment is expected to be increased from the current 6,800 to 8,000 associates.
More here.
