SUZUKI PHILIPPINES PREDICT SALES OF 200,000 UNITS IN 2012
February 9 2012.

Suzuki has spent more than £148 Million on a new production plant in the Philippines and forecasts production of motorcycles to exceed 200,000 units this year.

Suzuki Philippines president Satoshi Uchida said the plant in an industrial zone in Laguna will allow them to double production from its first factory in Pasig City, Metro Manila adding another 100 employees to its existing work force of 400. The plant is expected to open in July.

Suzuki Philippines also plan to localise much of its component parts manufacture instead of importing from the neighbouring countries such as Thailand and Indonesia.

Suzuki Philippines General Manager, Motorcycle Sales and Marketing Eiji Kobayashi said: "The Philippines has a big potential for their industry in 2012 due to a big population of Filipinos opting to use motorcycles as a means of transportation."

Despite a dip in the overall sales of motorcycles in 2011, Suzuki saw a growth of 14% in the number of units sold with an expected growth of 24% this year.