President and CEO of Asian Honda Motor and President of Honda Automobile Thailand Hiroshi Kobayashi said Honda would invest 20 billion baht more in Thailand by setting up a new plant in Prachin Buri worth over 17 billion baht with a production capacity of 120,000 cars a year. The rest worth 2.9 billion baht would be spent to increase Honda’s production capacity at its existing plant in Rojana Industrial Park, Ayutthaya province, to 300,000 cars a year, Mr Kabayashi said.
When the two plants fully operate, Honda’s total production capacity will reach 420,000 cars a year, making Thailand the company’s main production base of cars and parts for various markets which continuously see rising demands for the products.
