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Nissan to Build Second Thai Assembly Plant
Nissan Motor Co. says it will spend 11 billion baht ($355 million) to erect a pickup truck plant near Bangkok that would boost its annual capacity in Thailand by more than two-thirds to 370,000 vehicles by 2016.
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Nissan Motor Co. says it will spend 11 billion baht ($355 million) to erect a pickup truck plant near Bangkok that would boost its annual capacity in Thailand by more than two-thirds to 370,000 vehicles by 2016.
The factory is set to open in August 2014 with annual capacity of 75,000 vehicles, which would double about two years later. Nissan plans to export about half of the new facility's output.
The new plant is near the company's existing car and truck factory. Nissan says the second plant is key to reaching its goal of attaining a 15% share of the Thai market by 2016.
The company raised its outlook for sales there in the fiscal year ending March 31 to 132,000 vehicles from its earlier prediction of 120,000 units. The new forecast represents a 73% surge over Nissan's Thai volume in the flood-ravaged fiscal year 2011.
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