JavaScript is off. Please enable to view full site.

Nissan to double Thai production: report

Nissan to double Thai production: report

Wednesday, October 24, 2012, 12:49 GMT+7

Japanese auto maker Nissan is aiming to double its production in Thailand with plans for a new 30 billion yen (US$376 million) factory near Bangkok, according to a report Wednesday.

The new facility in Samut Prakan province will be built near an existing Nissan plant, which emerged largely unscathed from record flooding last year that dented Japanese firms' production in the country, the Nikkei business daily said.

Nissan's existing plant temporarily stopped production during the disaster, however, owing to a parts shortage.

The new factory, scheduled to open in 2014, will produce about 100,000 vehicles annually with plans to boost that figure to 200,000, roughly equivalent to Nissan's current annual production in Thailand, the Nikkei said.

A Tokyo-based Nissan spokeswoman declined to comment, saying only that the firm would "soon make an announcement about its business in Thailand".

In its latest fiscal year through March, Nissan made about 190,000 vehicles in Thailand, she said.

The firm has set a goal to more than double its share of the Thai vehicle market to 15 percent by fiscal 2016, the report said.

The move comes as Japanese automakers have cut production in China owing to a sales slump stoked by tensions between Beijing and Tokyo over the a group of islands in the East China Sea.

AFP

More

Read more

;

Photos

VIDEOS

‘Taste of Australia’ gala dinner held in Ho Chi Minh City after 2-year hiatus

Taste of Australia Gala Reception has returned to the Park Hyatt Hotel in Ho Chi Minh City's District 1 after a two-year hiatus due to the COVID-19 pandemic

Vietnamese woman gives unconditional love to hundreds of adopted children

Despite her own immense hardship, she has taken in and cared for hundreds of orphans over the past three decades.

Vietnam’s Mekong Delta celebrates spring with ‘hat boi’ performances

The art form is so popular that it attracts people from all ages in the Mekong Delta

Vietnamese youngster travels back in time with clay miniatures

Each work is a scene caught by Dung and kept in his memories through his journeys across Vietnam

Latest news