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August 8, 2007

Honda to set up supply centre
Thailand’s Board of Investment (BOI) approved investment promotion for the Honda (Thailand) Co to establish the company's supply centre in the central province of Ayutthaya with capital of 247.5 million baht.

Hiranya Suchinai, Deputy Secretary General and Acting Senior Executive Investment Advisor said a BOI subcommittee approved the investment promotion for the Honda company centre to supply raw materials and spare auto parts for Honda customers in other countries.

The centre will procure 70% of the company's required raw materials and auto spare parts from Thailand, amounting to an estimated Bt8.1 billion (US$270.5 million) annually.

Honda's first warehouse will be built on a 10,500 square metre plot of land at the Rojana Industrial Park in Ayutthaya, about 80 km north of Bangkok. The warehouse will store goods for distributing to customers in other regions. TNA

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