Isuzu Philippines Output Back to 100% this Month
Isuzu Philippines Corp. (IPC) yesterday said parts supply problems from Japan, particularly of electronic components, have shaved sales of the company by 20 percent in June when sales went down to about 600 units, the lowest monthly sales so far.
But Art Balmadrid, senior vice president of IPC, told reporters at the sidelines yesterday of the launch of the new Isuzu i-VAN, production would be back to 100-percent by August from this month’s average of 80 percent as supply normalizes
Balmadrid said IPC company sales normally average 800 a month.
Due to supply crunch, IPC had to shut down for two weeks each month in May and June.
Except for the Alterra which is imported completely built-up from Thailand, all of IPC’s product offerings are locally-assembled.
Balmadrid said the addition of i-VAN, a truck converted and modified into a van, would boost IPC’s product lineup.
About 50 percent of IPC sales are the Crosswind Asian utility vehicle.
Inspite of the supply shortage, Balmadrid said IPC has maintained a good inventory that has allowed to service back orders which to only 20 percent.
Balmadrid said IPC downscaled its yearend sales target of 12,500 units to a minimum of 11,000 units due to lower month-on-month sales.
This represents a flat growth as it matches 2010 sales.
Malaya Business Insight
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