Honda To Build New Motorcycle Plant In Philippines

Honda announced that it will build a new manufacturing plant in the Philippines. Apparently, the demand for motorcycles there is so big, that they can't keep up:

Honda's move to bolster its production base in the Philippines comes amid strong growth in demand for motorcycles there.

The company said the local motorcycle market grew to 475,000 units in 2004, up 53% from 2003, and it projects the market will increase to 600,000 units this year.

Honda says the new plant will have an initial annual production capacity of 500,000 units. But according to the statement above, the demand is projected to be 600,000 units this year (2005). So, it sounds like motorcycles will continue to be a hot commodity in the Philippines.