As an aim to raise production in Southeast Asia’s emerging market, Yamaha Motor Co. announced its plans to build a new factory in the Philippines, according to a company press release.
The new plant will be located in the city of Lipa, south of Manila, which will allow a faster response rate to changes in the Philippines' growing two-wheeler market. It is scheduled to start operation in early 2009.
Details concerning production capacity, production models and capital investment for the new plant are currently being considered.
Motorcycle sales have been rising steadily in the Philippines due partially to the steady domestic economy. In 2006, the market scale reached 620,000 motorcycles for a 6 percent increase compared to the previous year.