Organization presents impact of automotive manufacturing in the economy
Honda Cars Philippines, Inc (HCPI) officially announces its full support and participation in the 2nd Philippine Automotive Manufacturing Summit on October 8, 2010 which will be held at Dusit Thani Hotel, Makati City.
Organized by the Philippine Automotive Competitiveness Council (PACCI), this year's summit presents the impact of local parts and automotive manufacturing industry in the economy as well as the challenges and opportunities that face the industry.
"This is a great avenue to help intensify local manufacturing's global competitiveness and secure sustainability amidst economic challenges. Considering the substantial number of direct and indirect employment generated by the automotive manufacturing industry, it is best to address its welfare with careful attention." said Mr. Hiroshi Shimizu, President and General Manager of Honda Cars Philippines, Inc.
In line with the summit theme "Partners in Action: Strengthening the Automotive Parts Industry," Honda will display its locally manufactured model, City, while highlighting its local parts components. Local parts include seat assembly, foot rest, mat trunk floor and splash guard. The City is Honda's best selling model and accounts for 53% of its total sales. Meanwhile, Honda also assembles Civic in its Sta. Rosa plant. Honda supports continuous development and enhancement of local parts in keeping up with global quality standards.
Established in 2009, PACCI is composed of Motor Vehicle Parts Manufacturers Association of the Philippines and local automotive manufacturers, which collectively dominates the entire local automotive industry.