Honda to invest $30 Million in N.C. engine plant
Honda Power Equipment, Alpharetta, Ga., announced that it will invest approximately $30 million in its Swepsonville, N.C., factory to add a third production line and make other improvements to help meet growing demand for Honda’s general purpose engines.
The move will increase the company’s capacity for multi-purpose power equipment engines by 50 percent to 1.5 million units per year in 2004.
The expansion will add about 200 new full-time Honda associates in addition to seasonal employment. HPE currently employs approximately 370 associates. It will begin hiring new associates for the expansion in early 2004.
“This expansion will enable Honda to continue to meet customer demand for our engines – both for Honda products and as a supplier to other power equipment makers,” said Yashihiko Toyozumi, president of HPE.
The new production line will have die-casting, machining and assembly operations. It will begin mass production in spring 2004 and is expected to reach full production by fall 2004.
The company’s current 142,000-square foot facility represents an existing capital investment of $114 million. The expansion will add approximately 70,000 square feet and a new assembly line to the plant.