Nissan to spend US$376m on new Thai plant

Nissan Motor Co plans to spend about 30 billion yen (US$376 million) on a new plant in Thailand in 2014 to diversify production in the wake of anti-Japanese demonstrations in China last month, the Nikkei business daily said on Wednesday.

Nissan, which is under pressure to chase Toyota Motor Corp and Honda Motor Co in Southeast Asia, plans to put the plant onstream with an annual output of around 100,000 vehicles, including 1-tonne pickup trucks and passenger cars, the paper said.

via Business feed http://www.scmp.com/business/companies/article/1068555/nissan-spend-us376m-new-thai-plant