Investment: Yamaha resumes assembly in Pakistan

Finance minister Ishaq Dar hoped that Yamaha will get a good response in Pakistan because of the growing demand of motorcycles in the country.  PHOTO: PID

Yamaha-in-pakistan1

KARACHI: Yamaha, one of the largest motorcycle makers in the world, has resumed assembling motorcycles in Pakistan with an aim to produce up to 400,000 units annually by 2020.

“The new investment from Yamaha will create jobs and bring new technologies,” said Yamaha Motor Company President Hiroyuki Yanagi, adding that, “Pakistan is all set to become one of the top global markets of motorcycles.

Addressing the inaugural ceremony at Port Qasim Industrial Zone, he appreciated the role of the federal government in helping the company set up the plant.

Yamaha Motor Pakistan (Pvt) Ltd, a newly formed company with 100% equity from Yamaha Motor Company, Japan, is expected to produce 30,000 units in year 2015.

The factory has been established with an initial investment of Rs5.3 billion and its current production capacity is 40,000 units per year. It has hired 200 employees in the first phase.

SHARE