01 November 2012

Honda to invest $200 million and create 200 new jobs in Ohio

- Honda marks 30 years of U.S. auto production 
- $1.2 billion investment in U.S. manufacturing operation in the last 2 yrs 

01 November 2012 - Honda today marked its 30th anniversary of U.S. auto production by reaching cumulative investments of more than $1.2 billion in U.S. manufacturing operations in the last two years, including the announcement today of more than $200 million in new investments in its Russells Point, Ohio, transmission plant and Anna, Ohio, engine plant, which will add 200 new manufacturing jobs. Honda has a cumulative investment in America of more than $12.5 billion. 

"For 30 years, Honda associates in our U.S. auto plants have challenged themselves and set high standards to create products that meet the needs of our customers here and in markets around the world," said Tetsuo Iwamura, president and CEO of American Honda Motor Co., Inc., and chief operating officer of North American Regional Operations. "We continue to invest in our associates, helping to keep our operations in America on the leading edge of quality, efficiency and flexibility." 

Consistent with Honda's longstanding commitment to build products close to the customer, on Nov. 1, 1982 Honda became the first Japanese automaker to produce automobiles in America (using domestic and globally sourced parts) when the first Honda Accord rolled off the assembly line at the Marysville, Ohio, auto plant. 

Honda builds automobiles, engines and transmissions in North America at seven auto plants, three auto engine plants and two transmission plants, with the capacity to produce 1.63 million cars and trucks per year. When combined with planned production increases at Honda's U.S. auto plants, the 2014 start of production of sub-compact vehicles at Honda's eighth North American auto plant, now under construction in Mexico, will increase Honda's North American capacity to 1.92 million units. 

The company has steadily grown its U.S. manufacturing, R&D and sales operations, and today employs more than 26,000 associates and operates nine major manufacturing plants and 15 R&D facilities in the U.S., including four auto plants with an annual capacity of 1.08 million Honda and Acura vehicles. 

As part of this new global lead role, Honda also will increase exports from North America to global markets. Later this year, Honda will reach the one million mark in total automobile exports from the U.S. Honda also is increasing its export of major auto parts by almost 70 percent this year in support of Honda plants in South America, Europe and Asia. This will be a substantial increase in business for North American suppliers that will grow even greater in the coming years. 

With the latest $200 million investment at the Anna Engine Plant and Honda Transmission Manufacturing, Honda's U.S. capital investment exceeds $12.5 billion. In the last two years, Honda has invested more than $2 billion in new manufacturing capabilities in North America. 

In addition to direct investments, Honda also works with approximately 500 U.S. OEM parts and materials suppliers, and purchased $14.4 billion in OEM parts and materials from U.S. suppliers in 2011. Honda has more than 600 parts suppliers in North America, with purchases expected to exceed $20 billion this year. 

Source: Honda