MANILA, Philippines, February 22, Saturday, 2020 – Honda Cars Philippines, Inc. (HCPI, President : Noriyuki Takakura), which produces passenger cars, BR-V, City, announced today, that it will stop production operations in its plant in Sta. Rosa, Laguna, effective March, 2020.
To meet Honda’s customer needs in the Philippines for reasonably priced and good quality products, Honda considered efficient allocation and distribution of resources. As such, after consideration of optimization efforts in the production operations in Asia and Oceania region, Honda decided to close the manufacturing operations of HCPI. HCPI will continue its automobile sales and after-sales service operation in the Philippines, through the utilization of Honda’s Asia and Oceania regional network.
Honda will continue providing highly attractive products to its customers in the Philippines and continue contributing to the local society, which has been an ongoing effort for the last 50 years since Honda was established in the Philippines.
About Honda Cars Philippines, Inc.
|Location||105 South Main Avenue, Laguna Technopark, Don Jose,
Santa Rosa City, Laguna 4026, Philippines
|Capital investment||1.9 Billion Philippine Pesos|
|Capitalization ratio||74.2% Honda Motor Co., Ltd
12.9% AC Industrial Technology Holdings Inc.,
12.9% Rizal Commercial Banking Corp.
|Representative:||Noriyuki Takakura, President|
|Business||Production and Importation of automobiles, Sales and Service of automobiles|
|Employment||Approximately 650 associates|
|Start of production||1992|
|Key production models||BR-V, City|