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Honda Motor Co Ltd Canada plans to invest C$857 mln in Ontario plants

Honda Motor Co Ltd Canada plans to invest C$857        mln in Ontario plants

Introduction:

Honda Motor Co Ltd's Canadian division announced its plans to invest C$857 million ($749.98 million) over three years to upgrade manufacturing plants in Alliston, Ontario.

Features:

The upgradation of this manufacturing plants will be the global lead for production of the next-generation Honda Civic.

Under this investment, it includes a conditional grant of up to C$85.7 million from the province of Ontario, the plant will develop manufacturing processes and tooling trials for worldwide Honda plants that build the next Civic model.

http://americanmachinist.com

The investment, by Honda of Canada Manufacturing, will also go toward technologies and processes to modernize the site's two auto assembly plants and one engine plant.

Specifications:

Company Name Honda Motor Co Ltd's, Canada
Location Alliston, Ontario
Type Upgrade
Starting Year 2014
Estimated Cost C$857 million

 

 

http://in.reuters.com 

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