Wednesday 19 June 2013
Jalisco, Mexico,- Honda, the Japanese automobiles assembler, confirmed that investments forecasted for their plant located in El Salto Industrial Park will remain frozen this year.Ruben Resendiz, Honda’s Public Relations Director, explained that the decision made by the corporation arises from the economic crisis, which has worsened mainly in the automotive sector.
Even if Mr. Resendiz would not disclose the amount of investments budgeted for this year – which will not be made –, annual investment by this Company ranged between US$20 and US$30 million in the last 3 years.
According to Ruben Resendiz, they had planned investing this year in some production lines and refurbish old equipment in both plants: auto parts and automobiles. Last year the Company invested US$21 million, mainly in the production of Big Red model, which is exported to the United States.
“We will try to relocate people in other activities, but for the time being, even if we are very paying close attention to what is going on, we have not modified our expectations yet”, he said.
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