Vietnam Suzuki plans to build a new plant in southern Dong Nai Province, Vietnam.
Vietnam Suzuki Corporation, a subsidiary of Japan’s Suzuki Motor Corporation, will invest $13 million for this new plant, bringing its total investment in Vietnam to $57.9 million. The company set up its first auto plant in Dong Nai’s Binh Da Industrial Park in 1996 and in 2006 it built a plant in Long Binh IP to manufacture motorbikes, capable of producing 80,000 units annually.
“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.
The facility is part of Vietnam Suzuki Corporation’s plan to market a new small-sized sedan in the future, in addition to the currently manufactured Carry Truck and Carry Van.
“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.