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Honda to build transmission plant in Mexico

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CELAYA, Mexico — Honda de Mexico, S.A. de C.V. announced Thursday plans to constructa transmission plant in Celaya, near the city of Guanajuato, on the same site as the automobile plant currently under construction that will begin production of the Honda Fit in Spring 2014. 

With an initial investment of $470 million, the transmission plant will begin operation in the second half of 2015 with an annual production capacity of 350,000 units, with plans to more than double annual output in the coming years.

Employment of 1,500 new associates is expected when the plant reaches its full production capacity of approximately 700,000 units annually.

 

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