Thailand: Honda, Toyota halts production because of floods image

After many evacuations in the city of Ayutthaya, now a series of automakers are facing problems.

Floodwaters have swept across 60 of Thailand’s 77 provinces over the past two months, swamping factories operated by Toyota Motor, Honda, Canon Inc. and Nikon. Nissan said it may experience some disruption.

Isuzu Motors Ltd. also halted production on Tuesday at its two Thai plants due to disruptions in parts supplies.

Ford said it expected to suspend production at its Thai plant for 48 hours to allow for a full assessment of its inventories and logistics.

Among Japan’s big three automakers, Honda risks losing the most from the floods Reuters reports.

The factory, shuttered since Oct 4, is underwater and the company, which has no access to the site.
The automaker said its plant in Thailand’s Ayutthaya province will remain closed until at least Oct. 14.

On the same time, Toyota Motor Corp said Wednesday that its unit in Thailand will continue to suspend production at three local plants through Saturday.
According to local authorities, the facilities are experiencing difficulty in getting supplies from flood-damaged automotive parts makers.

At least 252 people have been killed in the country since mid-july when a tropical storm hit the country. It was followed by heavy monsoon rains.

Other Japanese firms affected by the floods include Nikon Corp , which was forced to halt production of cameras in Thailand.

Honda dropped 2.2 percent, and was the heaviest-traded issue by turnover while Toyota Motor, which has also shut some production facilities in Thailand, lost 0.3 percent.