The Thai subsidiary of Mitsubishi Motors Corp announced on Monday the Japanese carmaker will invest 15 billion baht ($450 million) to build its third car plant in Thailand to manufacture a new type of ecological-friendly cars. The new facility would be located in same industrial park in eastern Thailand that houses the company's two existing plants.
The investment project was unveiled to mark the production of the 2 millionth Mitsubishi car in Thailand since 1987.
Production is scheduled to begin in 2012. The facility will have an output capacity of some 50,000 units in the first year. The full capacity of the car plant is projected at 200,000 units a year. The project will include research and development and is expected to bring 3,000 new jobs to the region.
Masuko said the eco cars will be exported worldwide, especially to Southeast Asia and probably Japan.
Mitsubishi president Osamu Masuko said that the 3rd Thai production site has an estimate price tag pointing to a $463 million cost.
Earlier this year, Mitsubishi announced plans to invest 8 billion baht to build a new fuel-efficient subcompact model, called Global Small, at its existing Chonburi Province plant, which currently makes the Triton pick-up. It will be smaller than the European B-segment vehicles and will employ a small 1.2- or 1.3-liter four-cylinder engine. Production is targeted to start as early as September 2011. Local sales could follow in March 2012.
Currently, Mitsubishi Motors Thailand has two car plants in the Laem Chabang Industrial Estate.
|Mitsubishi sketches new low cost global small car|
|Nissan introduced their first eco-car Almera in Thailand|
|Toyota shuts Thai plant|
|Leaked brochure reveals interior of Mitsubishi ASX|
|Mitsubishi feels the European crissis|
|Toyota still has a lot to celebrate|
|Honda Brio revealed this week in Thailand|
|Mitsubishi and PSA Peugeot Citroen Begin a New Collaboration on a Compact SUV|
|Official designs of Mitsubishi small crossover released|
|Concept CX by Mitsubishi|
|Mitsubishi Outlander Sport|
|Mitsubishi Mirage Supermini|
|Mitsubishi Sportback Concept|
|Mitsubishi Colt Ralliart Version-R Recaro Edition|
|Mitsubishi Lancer Evolution IV Group A|
|Latest||Cars & News|
|2018 Buick Enclave review|
|2017 Ford F-250 XLT Super Duty review|
|2015 Audi A8 L Chauffeur review|
|2015 McLaren P1 by MSO review|
|2015 Mercedes-Benz S63 AMG Coupe review|
|2020 Porsche Macan GTS comes to fill Macan S and Macan Turbo range|
|Suzuki Jimny is set to get competition from Jeep|
|Toyota Highlander will be available in petrol only or hybrid powertrain|
|Skoda Rapid facelift was unveiled in Russia|
|McLaren 620R is the limited edition street version of the 570S GT4|