Trade Resources Company News Honda Invests 200million in UK Production Facility

Honda Invests 200million in UK Production Facility

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Honda is planning to invest over 200m in its UK production facility, Honda of the UK Manufacturing (HUM), which will manufacture next generation Civic five door model.

Honda to Invest £ 200m in UK Production Facility

The investment will be used to equip the plant with new, advanced production technologies and processes.

By developing the facility into a global manufacturing hub for Civic five door model, HUM will increase Civic volumes while achieving improved economies of scale.

HUM director Jason Smith said: "By establishing HUM as a global production facility for the Civic five door, Honda is demonstrating its long-term commitment to manufacturing in the UK and Europe.

"This is incredibly important for HUM and is a reward for the commitment and effort put in by Honda Associates in recent years.

"As a global production facility for the Civic five door model we look forward to making the most of the opportunity to export this model not only to our European customers, but also, to key global markets."

As HUM develops into a specialist Civic production facility, the next generation CR-V will be manufactured at Honda of Canada Manufacturing (HCM) in Ontario and CR-V will be imported to Europe.

Honda Motor Europe COO and president Toshiaki Mikoshiba said: "We will continue to provide high quality products to meet the expectations of our European customers and having just unveiled four new models for the European market, we look forward with renewed optimism and purpose for Honda in Europe."

Since 1985, Honda invested over 2.2bn in HUM.

Source: http://www.automotive-business-review.com/news/honda-to-invest-200m-in-uk-production-facility-010415-4544414
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Honda to Invest £ 200m in UK Production Facility
Topics: Auto Parts