Suzuki Motor Corporation will add a new manufacturing plant – with capacity for 240,000 compact vehicles – to its Sagara facility at Makinohara-City, Shizuoka, Japan.
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The announcement came after what the company described as “exceptionally strong sales” of its Swift, Grand Vitara and SX4 (all recently redesigned) in Europe, North America, Latin America and Oceania.
All Suzuki group manufacturing plants are now operating at full capacity and this has caused significant back orders and constant requests for increased capacity from Suzuki distributors world-wide.
Construction of the new plant at Sagara will commence this autumn and the plant will commence operation in late 2008. Total investment will be in the region of 60bn yen (EUR425m).
These latest expansion plans are in addition to plans for increases in production capacities which total 530,000 units at three other key Suzuki plants outside Japan announced earlier in 2006 – 160,000 a year to 300,000 by March 2007 at Magyar Suzuki in Hungary; 630,000 to 960,000 by March 2009 at Maruti Suzuki in India and 110,000 to 170,000 by March 2009 at Pak Suzuki in Pakistan.
Suzuki also said it was targeting consolidated net sales of 3 trillion yen (EUR20bn] in the current financial year ending 31 March 2007, following favourable financial results in the first quarter and steadily growing demand for its compact vehicles in export markets.
