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Honda to invest $98m in Anna engine plant in Ohio, US

ABR Staff Writer Published 03 February 2012

Honda is planning to invest $98m at its Anna Engine Plant in Ohio to build components for its next-generation powertrain technologies.

The Ohio engine plant in will make pulley components that will be used in Honda's new continuously variable transmission (CVT), which will debut in the Marysville-made 2013 Honda Accord models that will go on sale later this year.

Production of the pulley components at the Anna plant is scheduled to start in 2013.

The investment comes after Honda's announcement last year that it would invest $120m in its plant in Russells Point, Ohio, for the production of the CVT.

The automaker said that investments in the Russells Point transmission plant and Anna plant for building next-generation powertrain technologies will create 150 new jobs.

The company has announced more than $500m in investments at four Ohio plants since late 2010.

Honda of America president and CEO Hide Iwata said for decades, the company's two Ohio powertrain plants have worked together to deliver advanced products for its customers.

"The production of this new CVT technology puts the Buckeye State right in the middle of Honda's global strategy," Iwata said.

The Anna plant V-6 and four-cylinder
The Anna plant employs 2,400 people and annually makes more than 1.18 million V-6 and four-cylinder engines for two auto productions plants in Marysville and East Liberty, Ohio.

The Russells Point plant, which employes 1,050 people, makes automatic transmissions and four-wheel-drive assemblies for cars and light trucks.

The company has also invested $50m in a 75,000 sq ft expansion of the facility for additional aluminum casting operations to support the CVT assembly line.