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Thai Yamaha set to triple output.
Byline: ARANEE JAIIMSIN
Aug. 5--SINGAPORE -- Thai Yamaha Motor Co, shrugging off a perception that the Thai motorcycle market is already saturated, has announced plans to invest 1.5 billion baht to triple motorcycle production to 600,000 bikes a year by 2007.
Praphan Phornthanavarsit, chief operating officer of Thai Yamaha Motor Co, said the expansion was necessary as demand for Yamaha motorcycles had surpassed production for 18 consecutive months.
Company president Takashi Kajikawa tacitly admitted market saturation, with one motorcycle registered for every 3.5 people in the country. He spoke during the 50th anniversary party of Asia Pacific ...
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