Honda, Pioneer Planning To Relocate Plants To Japan

Written By:

Honda, Pioneer and other big multinational companies are planning to move their manufacturing facilities back to Japan, due to the depreciating value of Yen.

Many other companies under the technology sector want to move as well. They are now looking to move back to Japan after many years of manufacturing in China and other Southeast Asian countries.

honda to relocate plant to japan

Honda is planning to move a large portion of its manufacturing away from Mexico and Britain to Japan. Pioneer will also move its production facility from Thailand to Japan.

Other companies too have increased prices due to this very issue and increase in production cost, and are considering to shift to Japan.

Read more on: #honda #auto news
Story first published: Thursday, June 4, 2015, 18:17 [IST]
Please Wait while comments are loading...

Latest Photos