Yamaha Motor manufactures and sells motorcycles in Lima Industrial Park in Badangas Province, Indonesia, in response to further expansion of sales of motorcycles in the Philippines. Yamaha Motor Philippines, Inc. (Abbreviation: YMPH Announced to increase the production capacity of).
From the press release below
Increased production capacity from the current 400,000 to 800,000
Under this plan, a new plant will be built on the same site, and the annual production capacity will be raised from the current 400,000 to 800,000. In addition, as a medium- and long-term goal, we aim to sell 1 million units in the Philippines (including imported finished vehicles). The new plant will begin construction in May 2019 and is scheduled to start operation in July 2020.
Total motorcycle demand in the Philippines in 2018 is approximately 2.26 million *, an increase of 14% over the previous year, and demand is expected to continue to grow in the future.
We entered the Philippines in 1962 and started selling motorcycles. In 2007, we established a wholly owned subsidiary YMPH and started manufacturing motorcycles, and we have built a system that can respond quickly to market changes. Our sales volume has grown to about 540,000 in 2018, compared with about 70,000 in 2008.
In addition, in the new medium-term management plan announced in December last year, we will continue to position the ASEAN market as one of the key markets and work to further strengthen our earnings base. The recent expansion of motorcycle production capacity in the Philippines is part of this initiative.
※ Yamaha Motor investigation
Original Source [ Yamaha Motor ]
