Honda Malaysia's RM350m 2nd line to double output to 100,000 units

KUALA LUMPUR: Honda Malaysia Sdn. Bhd
expects the RM350mil investment in its second production line in Pegoh,
Malacca to double the number of cars produced to 100,000 units a year.
The
second line was scheduled to be operational before end-2013, according
to the statement following the ground-breaking ceremony at the existing
automobile plant.
Honda Malaysia plans to produce mostly small-sized vehicles such as Jazz (known as Fit in Japan), and hybrid vehicles.
"The
annual production capacity of the second line is planned to be 50,000
units, doubling HMSB's overall production capacity from the current
50,000 units with the first line to 100,000 units," it said.
The
total investment on the second line was expected to be RM350mil and
Honda Malaysia was planning to hire about 700 associates when the
second line becomes operational.
Honda Malaysia was the largest
hybrid vehicle seller in Malaysia in 2011 with about 4,600 units sold
and it plans to sell about 10,000 units in 2012.
Honda Malaysia's major shareholders are Honda Motor Co., Ltd with a 51% stake, DRB-Hicom Bhd 34% and Oriental Holdings Bhd 15%.