Honda’s announcement that it will close Santa Rosa car assembly plant in the Philippines this month will cost parts suppliers at least 240m Philippine pesos ($4.7m), according to Ferdi Raquelsantos, president of the country’s auto parts association PPMA.
Honda’s announcement that it will close Santa Rosa car assembly plant in the Philippines this month will cost parts suppliers at least 240m Philippine pesos ($4.7m), according to Ferdi Raquelsantos, president of the country’s auto parts association PPMA.
That is just a rough, conservative estimate covering three to six months’ worth of parts local companies supply to the factory at Laguna, he added.
“[Our members] were doing daily deliveries, then suddenly no deliveries,” he was quoted as saying by online sector journal AutoIndustriya.com.
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