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

Specifications:

Name:

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

Location:

Alliston, Ontario

Company:

Honda Motor Co Ltd

Estimated Cost:

C$857 million

Source:

reuters.com

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.