This is to inform you that Sundiro Honda Motorcycle Co., Ltd. (President: Tsutsumu Otani), Honda's motorcycle production and sales joint venture in China, made the following announcement on July 2, 2018 at 16:00 local time.
Sundiro Honda Motorcycle Co., Ltd. (hereinafter Sundiro Honda), Honda's motorcycle production and sales joint venture in China, held a ceremony in Taicang, Jiangsu Province today to commemorate the completion of its new plant (hereinafter Taicang plant). The ceremony was attended by approximately 400 dignitaries and guests, including government officials from Taicang City, Chairman Xuhong Zhao from Sundiro Holding Co., Ltd., Honda Motor’s President and Representative Director Takahiro Hachigo, Chief Officer Noriaki Abe from Honda’s Motorcycle Operations, and Chief Officer Yasuhide Mizuno from Honda’s Regional Operations (China).
Sundiro Honda has been working on a plan to shift its plant from Shanghai to Taicang to enhance environmental friendliness, improve production efficiency, and strengthen development functions. The Taicang plant implements the latest in production technology, such as pursuing the automation of various processes, and also includes development functions and a test course. It will commence operation in August 2018. In addition, it has enhanced initiatives for environmental friendliness by incorporating Honda’s Green Factory concept. This includes zero emissions of water used at the plant through the recycling and evaporation system of wastewater, adoption of LED lights as standard lighting, and installation of solar panels jointly with Taicang City. Together with this development, the Shanghai plant has ceased production at the end of June.
Forecasted to be approximately seven million units in 2018, China’s motorcycle market is one of the largest markets in the world. The Taicang plant has the same level of production capacity as that of the Shanghai plant (approximately 500,000 units per year). It will be one of the most important production bases for global exports, supplying motorcycles and parts to not only the local market but also more than 50 countries and regions in the world.
About Sundiro Honda Motorcycle Co., Ltd.
|Head office location||:||Shanghai, China|
|Capital investment||:||US$ 129.47 million|
|Capitalization ratio||:||50% Sundiro Holding Co., Ltd.|
|40% Honda Motor Co., Ltd.|
|10% Honda Motor (China) Investment Co., Ltd.|
|Representative||:||Tsutsumu Otani (President)|
|Employment||:||Approximately 3,700 associates|
|Production capacity||:||Taicang plant—Approximately 500,000 units per year|
|Tianjin plant—Approximately 400,000 units per year|