Nissan Motor To Spend $376 Mln On New Thai Plant

[webfact]

Nissan Motor to spend $376 mln on new Thai plant-Nikkei

BANGKOK: -- Oct 24 (Reuters) - Nissan Motor Co plans to spend about 30 billion yen ($376 million) on a new plant in Thailand in 2014 to diversify production in the wake of anti-Japanese demonstrations in China last month, the Nikkei business daily said on Wednesday.

Nissan, which is under pressure to chase Toyota Motor Corp and Honda Motor Co in Southeast Asia, plans to

put the plant onstream with an annual output of around 100,000 vehicles, including 1-tonne pickup trucks and passenger cars, the paper said.

Production capacity will later be expanded to an annual 200,000 vehicles, doubling Nissan's current production capacity in Thailand, it said.

Full story: http://www.reuters.c...E8LN6EE20121024

-- REUTERS 2012-10-24

[fareastguy]

I hope they mean to put the plant on-stream & not down stream ??

[hellodolly]

Where are they going to sell this additional inventory? Doesn't sound like a to well thought out plan to me.

[Notstupid30]

Where are they going to sell this additional inventory? Doesn't sound like a to well thought out plan to me.

+ 1

[webfact]

Nissan to double Thai production: report

TOKYO, Oct 24, 2012 (AFP) - Japanese auto maker Nissan is aiming to double its production in Thailand with plans for a new 30 billion yen ($376 million) factory near Bangkok, according to a report Wednesday.

The new facility in Samut Prakan province will be built near an existing Nissan plant, which emerged largely unscathed from record flooding last year that dented Japanese firms' production in the country, the Nikkei business daily said.

Nissan's existing plant temporarily stopped production during the disaster, however, owing to a parts shortage.

The new factory, scheduled to open in 2014, will produce about 100,000 vehicles annually with plans to boost that figure to 200,000, roughly equivalent to Nissan's current annual production in Thailand, the Nikkei said.

A Tokyo-based Nissan spokeswoman declined to comment, saying only that the firm would "soon make an announcement about its business in Thailand".

In its latest fiscal year through March, Nissan made about 190,000 vehicles in Thailand, she said.

The firm has set a goal to more than double its share of the Thai vehicle market to 15 percent by fiscal 2016, the report said.

The move comes as Japanese automakers have cut production in China owing to a sales slump stoked by tensions between Beijing and Tokyo over the a group of islands in the East China Sea.

-- (c) Copyright AFP 2012-10-24

[Bill999]

Where are they going to sell this additional inventory? Doesn't sound like a to well thought out plan to me.

+ 1

Nissan probably just did it on a whim. They would have done no research at all; it would have been a much better idea to consult you two before planning to spend $376m I'm sure.

[chiangmaikelly]

Where are they going to sell this additional inventory? Doesn't sound like a to well thought out plan to me.

+ 1

Nissan probably just did it on a whim. They would have done no research at all; it would have been a much better idea to consult you two before planning to spend $376m I'm sure.

Don't be too hard on them there is another thread of 20 pages or more on how dumb the Thai auto industry is.

[Woodsie888]

Where are they going to sell this additional inventory? Doesn't sound like a to well thought out plan to me.

+ 1

Nissan probably just did it on a whim. They would have done no research at all; it would have been a much better idea to consult you two before planning to spend $376m I'm sure.

[Tywais]

Profanity post removed.

[Nisa]

Where are they going to sell this additional inventory? Doesn't sound like a to well thought out plan to me.

+ 1

Nissan probably just did it on a whim. They would have done no research at all; it would have been a much better idea to consult you two before planning to spend $376m I'm sure.

Clearly the entire Japanese auto industry is run by Forrest Gump

Mitsubishi shows faith in Thailand

The Nation October 3, 2012

Mitsubishi Motors (Thailand) is continuing to expand its investment in the Kingdom by setting aside Bt1 billion to increase production capacity to 500,000 units next year.President Nobuyuki Murahashi yesterday said the company had originally planned to increase capacity to 500,000 vehicles in 2015 from 350,000 units this year, but had now revised its plan so that capacity would reach 400,000 units this year.

http://www.nationmul...d-30191553.html

Glancing back at the posts after the floods last year, it was very clear that they only choice Japan companies had was to pull out of Thailand. Why oh why did they not listen to the expert Thailand bashers here??? Clearly this is going to lead to a collapse of the Japanese auto industry and the fall of Japan as a country..

Edited October 24, 2012 by Nisa

[IsaanUSA]

LOL @ China. Whoops!

Those protests were pretty crazy though. I'm surprised there weren't more deaths.

[TruthEyes]

If they decide to produce the QX there, they will be on a winner

Edited October 24, 2012 by TruthEyes

[asiawatcher]

As long as they don't build in Ayutthaya and risk floods. It's a good deal for Thailand at any rate.

[jayjayjayjay]

Bet you they won't build it in Ayuttaya! :-)

@Nisa, most regular posters on TV are low IQ muppets, it is a very different scene then 5 years ago. Most probably never leave there 7,000 baht a month apartments for more than 5 minutes a day, and that would be for a visit to a 7/11 to stock up on "Slurpies"!

Edited October 25, 2012 by jayjayjayjay

[IsaanUSA]

As long as they don't build in Ayutthaya and risk floods. It's a good deal for Thailand at any rate.

Here I googled it for you.

The Nikkei Business Daily said the new facility in Samut Prakan province will be near the company's existing Nissan plant, which emerged largely unscathed from record flooding late last year that dented Japanese firms' production here.