Mazda Will Set up A New Factory in Mexico
According to the report of Routers, informed source claims that the Japanese automobile manufacturer Mazda Motor Corp will announce to set up a new factory in Mexico on June 17, 2011. The factory is located in the middle part of Mexico, Guanajuato.
It is known that this factory is the fourth foreign automobile assembly factory of Mazda Motor Corp. Prior to the establishment of this factory, this company has had three automobile assembly factories in America, China and Thailand. These three factories are joint ventures of Mazda Motor Corp and its largest share holder, American Ford Automobile Corporation.
This informed source who was not willing to reveal his name said that the new factory in Mexico will be under construction in this fall and undertake business operation in the second half of 2013. He declared that the Mazda Motor Corp has planned to manufacture compact cars in this factory. At the primary stage, the automobiles manufactured by this factory will be sold in Mexican and South American market and after that, the products will be exported to North American regions.
In addition, this informed source pointed out that Mazda Motor Corp would announce this plan on three o’clock in the afternoon of June 17, Friday. In the meantime, the company will also publicize the financial budget for the new financial year.
Another informed source said that the amount of this investment would reach millions of dollars. The Japanese Sumitomo Corporation will share this investment with Mazda Motor Corp. The automobile manufacturing productivity in the first year is estimated to be at least 50 thousand after the factory completes the construction.
The earthquake happened in March, Japan has imposed enormous influence on Japanese automobile industry. However, the headquarters of Mazda located in the Southern part of Japan, Mazda Motor Corp was not affected as much as other companies. What is noting worthy is that the component supplying situation was severely impacted by this earthquake. Currently, almost all the business sectors in Mazda Motor Corp are functioning normally. The shipment speed of some functional components will be slowed down in the coming several weeks and other accessories such as rubber sheets have been obtained from other channels.
Mazda’s announcement of setting up a new factory in Mexico will expand the market share of this company in automobile industry. Japanese automobile industry has been seriously damaged since the beginning of this year. The business expansionary policy of Mazda Motor Corp will infuse a new light of hope in to the gloomy automobile industry.