TOKYO, Sep 02, 2008 (AsiaPulse via COMTEX)
Yamaha Motor Co. (TSE:7272) said Monday that it has established a Cambodian assembly and sales unit that will roll out motorcycles using parts produced at a facility in neighboring Thailand.
Yamaha has a 70 per cent stake in Yamaha Motor Cambodia Co., which was set up in Phnom Penh on Sunday. Capitalized at about 1.2 billion yen (US$11.1 million), the unit is 20 per cent-owned by trading house Toyota Tsusho Corp. (TSE:8015), with the other 10 per cent held by local trading company Kong Nuon Import & Export Co.
This new unit is to acquire more than 90,000 sq. meters of land and will spend about 1 billion yen to construct a new factory on it by July 2009. This facility is expected to assemble 30,000 motorcycles in 2010.
According to Yamaha, the Cambodian motorcycle market totaled about 130,000 units in 2007 but is projected to grow to more than 500,000 units by 2015.
(Nikkei)
Yamaha Motor Co. (TSE:7272) said Monday that it has established a Cambodian assembly and sales unit that will roll out motorcycles using parts produced at a facility in neighboring Thailand.
Yamaha has a 70 per cent stake in Yamaha Motor Cambodia Co., which was set up in Phnom Penh on Sunday. Capitalized at about 1.2 billion yen (US$11.1 million), the unit is 20 per cent-owned by trading house Toyota Tsusho Corp. (TSE:8015), with the other 10 per cent held by local trading company Kong Nuon Import & Export Co.
This new unit is to acquire more than 90,000 sq. meters of land and will spend about 1 billion yen to construct a new factory on it by July 2009. This facility is expected to assemble 30,000 motorcycles in 2010.
According to Yamaha, the Cambodian motorcycle market totaled about 130,000 units in 2007 but is projected to grow to more than 500,000 units by 2015.
(Nikkei)
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