Honda Is Investing $20 Million Dollars to Increase Production in Ohio

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Researched by Industrialinfo.com (Industrial Information Resources; Incorporated; Houston, Texas). Honda of America Incorporated (Anna, Ohio), a division of Honda of America Motor Company Incorporated (NYSE: HMC) (Marysville, Ohio), is investing $20 million dollars to manufacture an additional 120,000 V6 and four cylinder engines a year. Honda is looking to invest approximately $466 million dollars to boost production in North America to meet strong demand for its minivans and sport utility vehicles.

Ferguson Construction (Sidney, Ohio) is performing construction services and expects to complete the expansion at the beginning of 2003.

Industrialinfo.com has reported on $830 million dollars that Honda has invested or is currently planning to invest on projects in their North American plants as part of its North American Industrial Database. In addition, Industrialinfo.com is currently tracking additional projects planned by Honda and will report that spending in the future.

Honda began operating in the United States as a small motorcycle company in 1959. Today, with a presence in all 50 states, their investment in sales, manufacturing, and research operations in the U.S. exceeds $5.3 billion. Honda manufactures a wide range of products, including motorcycles, ATV's, generators, marine engines, lawn, and garden equipment, and automobiles. Historically, Honda has been a leader in fuel efficiency and low emission technology and is considered a top manufacturer of their product lines.