Dongfeng Honda builds new plant

China Daily (Hong Kong) - - BUSINESS -

Dongfeng Honda Au­to­mo­bile Co, a 50-50 joint ven­ture be­tween China’s Dongfeng Mo­tor Corp and Ja­pan’s Honda Mo­tor Co, broke ground to build a new fac­tory in cen­tral China on Thurs­day. The new fac­tory in Wuhan, cap­i­tal of Hubei prov­ince, will start rolling out pas­sen­ger cars in 2019. With an in­vest­ment of 5.5 bil­lion yuan ($800 mil­lion), the plant is the third one to be built by Honda and Dongfeng. The new fac­tory will ini­tially pro­duce 120,000 cars a year, in­clud­ing new en­ergy ve­hi­cles. on build­ing an in­dus­trial park in south­west China’s Sichuan prov­ince. The in­dus­trial park, in Tianfu New Area in Chengdu, the cap­i­tal city of Sichuan, is sched­uled to be com­pleted by 2021. The park will in­clude cen­ters for data in­no­va­tion, prod­uct R&D, tal­ent de­vel­op­ment, global pur­chases, in­tel­li­gent lo­gis­tics as well as ed­u­ca­tion and medi­care fa­cil­i­ties, said Liu Qiang, vice-pres­i­dent of SAP Greater China. Af­ter com­ple­tion, the smart in­dus­trial park will have in­ter­na­tional in­flu­ence, with in­tel­li­gent man­u­fac­tur­ing as its core in­dus­try, ac­cord­ing to Zhou Siyuan, deputy di­rec­tor of the ad­min­is­tra­tion com­mit­tee of Tianfu New Area. mart an­nounced on Wed­nes­day it will in­vest $1.3 bil­lion in Mex­ico over the next three years. Walmart Di­rec­tor Gen­eral for Mex­ico and Cen­tral Amer­ica Guil­herme Loureiro said that the in­vest­ment would build new distri­bu­tion cen­ters and ex­pand ex­ist­ing ones in or­der to boost the speed and lower the costs of sup­ply­ing its over 2,300 shops in Mex­ico. The new in­fra­struc­ture will gen­er­ate over 10,000 di­rect jobs in the coun­try and will have a knock-on ef­fect on the con­struc­tion, trans­port and agri­cul­tural in­dus­try, ac­cord­ing to Loureiro. Trade, In­dus­try and En­ergy. Ex­port value of cars, one of South Korea’s key ex­port items, added 1.5 per­cent to $3.98 bil­lion, the first ex­pan­sion in 17 months. The ex­pan­sion came as ma­jor au­tomak­ers agreed on wage bar­gain­ing with the la­bor union, which used to be held around the end of the year.

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