Yamaha to establish plant at Bin Qasim

Project expected to create 45,000 jobs.


Afp February 23, 2011

TOKYO: Yamaha Motors Pakistan will spend $150 million on setting up a new plant on a 50-acre plot at Bin Qasim, near Karachi, according to Yamaha Motors President Hiroyuki Yanagi.

In a meeting with President Asif Ali Zardari on Wednesday, Yanagi said his company would bring advanced technology to Pakistan, where initially 22,000 motorcycles of 125-150cc would be manufactured per year and production would reach 750,000 in the next 10 years.

The company will also provide comprehensive training and technical education to its employees and vendors. The project is expected to create employment opportunities for up to 45,000 people.

In another meeting with a leading Japanese auto parts manufacturer, Toyota Tshusho, Zardari invited them to invest in Pakistan where the automobile sector is flourishing with the passage of time.

He said that Pakistan offered attractive incentives to foreign investors, with a cheap and skilled labour force as well as liberal export rules. He added that Pakistan needs better trade terms with foreign investors and wants support of Japanese entrepreneurs to market its products internationally.

Toyota Tshusho President Junzo Shimizu said that his company would make use of the attractive policies of Pakistan and would invest in the auto spare parts industry.

Published in The Express Tribune, February 24th, 2011.

COMMENTS (2)

zubair | 13 years ago | Reply Lets hope there are also new assemblers of cars in the country. It is the only way to end Paksuzukis monopoly in the small car market. If new small car assemblers enter the market we will get better prices, more features and companies like Paksuzuki will not be able to freely dump obsolete cars from the 1970-1980s in the market and they will also have to change models after some time(which they currently do not)
MOHAMMADASHIQUE SHAIKH | 13 years ago | Reply we are very happy to listen the news that original yamaha comes in pakistan. and i am also mechnic of YBS(japan) that was since in 1980.i want to say firstly contact me because i m waitnig your's?
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