BANGKOK, Thailand, August 22, 2006 --- Asian Honda Motor Co., Ltd., Honda’s Asia-Oceania regional headquarters, announced that Board of Investment (BOI) of Thailand granted permission to set up a new body spare parts manufacturing company in Thailand. The new factory will strengthen Honda’s ability to respond quickly to the demand for body spare parts in the rapidly-growing Asian automobile markets. Asian Parts Manufacturing Co., Ltd., a new Honda subsidiary located in Ayutthaya province, will start production in June 2007. The company will produce body spare parts for global models including the Honda CR-V and Honda Jazz (Fit) for countries in Asia-Oceania as well as in Europe and Japan. Total investment for the new factory is approximately 1.279 billion baht and it will employ around 200 associates. The Asia-Oceania automobile market is expanding, with body spare parts sales increasing 114% from April 2005 to March 2006 compared to the previous year. Until now, body spare parts have been produced by Honda’s automobile factories and suppliers in each Asia-Oceania country. With the new factory, Honda will consolidate its spare parts production into a single location to ensure the highest quality, reduce costs and improve logistics. Company Information Name: Asian Parts Manufacturing Co., Ltd. Established: April, 2006 Operation commencement: June, 2007 (Planned) Location: Rojana Industrial Park, Ayutthaya province, Kingdom of Thailand Capital Investment: 700 million baht Capitalization Ratio: 80% Asian Honda Motor Co., Ltd. 20% Honda Motor Co., Ltd. Total Investment: Approximately 1.279 billion baht President Toshio Sugiyama Employment: Approximately 200 associates (Planned) Business: Manufacturing body spare parts for the automobile Source: Asian Honda Motor Co., Ltd.
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