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Foundation Stone Laying Ceremony Held By Mitsubishi Motors For New Factory In Thailand

A third Mitsubishi factory opens in Thailand and will help produce the Global Small eco-car, which suits the environmental emphasis of the Thai Government.

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December 16, 2010 (FPRC) -- Mitsubishi Motors Corporation (MMC) recently conducted a Foundation Stone Laying Ceremony for a new third factory of its Thailand producer and distributor, Mitsubishi Motors Thailand (MMTh) at the site where the new factory is to be built in at the Laem Chabang Industrial Estate in Chonburi province. The ceremony was attended by dignitaries including Thailand's Minister of Industry Chaiwut Bannawat and MMC President Osamu Masuko.

The third factory will be built adjacent to the first and second factories, and is planned to start mass production in March 2012. It will produce the Global Small, the 1.0-1.2L class compact vehicle that MMC plans to launch in fiscal year 2011. Initially, the production capacity of this new factory will be around the 150,000-unit per year level, and in the future it can be boosted to the 200,000-unit per year level. The new factory is planned to hire around 3,000 new staff.

The Global Small to be produced at the new factory, will be a new vehicle based on a completely new platform currently being developed by MMC with 'compact,' 'affordability,' and 'fuel efficiency' as the basic concepts for the vehicle. The Global Small will conform to Thailand's Eco-car Project, implemented by the Thai government with the objective of promoting investment in Thailand's automobile industry and reduction of dependence on fossil fuels and greenhouse gas emissions.

The Global Small will be positioned as an entry model in MMC's model line-up, and plans are to export the vehicle from Thailand to markets worldwide as a global strategic vehicle that corresponds to both market needs of emerging countries, for which demand for automobiles is expected to increase, and advanced nations, where vehicle downsizing is increasing in order to correspond to energy issues in addition to environmental awareness.

Minister Chaiwut Bannawat expressed his pleasure at the ceremony: 'It's my great pleasure that Mitsubishi Motors Thailand's factory becomes a part of our Eco-car Project. This Mitsubishi factory will bring to Thailand many technologies for automobile production and lead to improve labour skills for auto industry as well as related industries.'

In addition, MMC President Masuko added 'It's a great honour to have this memorable day for the construction of the third factory. From the beginning, Mitsubishi Motors Corporation has strongly believed in Thailand's potential as the production hub for global markets; now Mitsubishi Motors Thailand became the production base of our one-ton pickup. We share the Thai government's environmental concerns and we have made Thailand the global production hub for the Global Small.'



About The New (Third) Factory

Location: Laem Chabang Industrial Estate, Chonburi, Thailand

Position: About 100km southeast of Bangkok

Factory Summary: Built-up vehicle factory (pressing, welding, painting, assembly)

Initial Producton Capacity: Around 150,000 units/year

Vehicle Produced: Global Small

Start of Mass Production: March 2012

Employees: Approximately 3,000


About Mitsubishi Motors (Thailand) Co. Ltd. (MMTh)

Headquarters Location: 88 Moo 11 Phaholyothin Road, Klongneung, Klongluang, Pathumthani 12120, Thailand

Factory Location: 199 Moo 3, Laemchabang Industrial Estates, Tungsukhla, Sriracha, Chonburi 20230, Thailand

Representative: Mr. Nobuyuki Murahashi

Capital: THB 7,000,000,000

Number of Employees: Approximately 4,000

Date of Establishment: January 1987

Vehicles Produced:
Factory No.1: Lancer, Space Wagon, Pajero Sport
Factory No.2: Triton (L200)



For further information, contact:
Lenore Fletcher, Head of Corporate Communications
Telephone: (08) 8275 2348
E-mail: lfletcher@mmal.com.au

Caitlin Beale, Manager of Corporate Communications
Telephone: (08) 8275 7250
E-mail: cbeale@mmal.com.au
www.mitsubishi-motors.com.au



--ABOUT MITSUBISHI--
Mitsubishi Motors Australia is part of the global Mitsubishi Motors organisation and is fully owned by Mitsubishi, one of the world's largest companies.

The company's history dates back to 1870, when Mitsubishi's Japanese founder, Yataro Iwasaki, started a shipping company with three steamships. The company grew from strength to strength and, in 1914, registered the Mitsubishi three-diamond trademark. This symbol embodies more than 130 years of tradition, and has earned the confidence and trust of customers all over the world.

Mitsubishi takes great pride from knowing that more than 11 million people from around the world have chosen to drive a Mitsubishi vehicle. There are Mitsubishi dealers in more than 200 sites across Australia. These professional and knowledgeable dealers help owners ensure their Mitsubishi car is always looked after by fully-trained Mitsubishi technicians, using genuine Mitsubishi parts that meet stringent global standards.




Mitsubishi works hard to develop award winning new cars and automotive technology.

If you would like to know more about the iMiEV electric car or the compact SUV, the new ASX, see the Mitsubishi website.



Send an email to Lenore Fletcher of Mitsubishi Motors Australia
(08) 8275 2348

Keywords: global small eco electric vehicle, electric vehicle, electric cars

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