Mitsubishi builds 3rd car plant in Thailand

Posted on Tuesday, 6 July 2010 , 13:07:27 byAlina

Filed under builds3rdcarplantthailandMitsubishi

Mitsubishi builds 3rd car plant in Thailand

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.