Vietnam Suzuki Corporation, a subsidiary of Japan’s Suzuki Motor Corporation, yesterday broke ground on the construction of its automobile manufacturing plant in Long Binh Industrial Park in the southern province of Dong Nai’s Bien Hoa City.
The Japanese corporation will earmark around $13 million for this new plant, bringing its total investment in Vietnam to $57.9 million.
“The new auto-making plant, together with the operational motorbike manufacturing facility, is intended to welcome the rise of the Vietnamese automobile market in the future,” said Osamu Suzuki, chairman and CEO of Suzuki Motor Corporation.
In 1996 Vietnam Suzuki Corporation set up its first auto plant in Dong Nai’s Binh Da Industrial Park.
In 2006, the company also built a plant to produce motorbikes in Long Binh IP which is capable of manufacturing 80,000 units a year.
“The new automobile making facility will become operational in 2013, with a capacity of 5,000 vehicles, which will gradually rise to 10,000 vehicles in the following years,” said Osamu.
The plant is part of the company’s plan to market a new small-sized sedan in the future, in addition to the currently manufactured Carry Truck and Carry Van, he added.