DENSO to Invest Nearly $1 Billion in North America Over Next Four Years

   DENSO to Invest Nearly $1 Billion in North America Over Next Four Years

--Localization of Product and New Business Results in Significant Investment
and Jobs--

PR Newswire

SOUTHFIELD, Mich., Jan. 15, 2013

SOUTHFIELD, Mich., Jan. 15, 2013 /PRNewswire/ --Global automotive supplier
DENSO is investing nearly $1 billion in North America over the next four
years, which will result in more than 2,000 jobs across the region. The
investment will allow DENSO to better support its North American customers, as
well as expand new business areas and localize products, many of which will
help automakers meet upcoming fuel requirements. More than $750 million will
be invested in the United States alone, along with more than 1,200 jobs.

(Photo:http://photos.prnewswire.com/prnh/20130115/DE42541-INFO )

"Last year, we announced that DENSO will drastically localize product in the
regions in which we operate," said Terry Helgesen, senior vice president of
Industry Relations at DENSO International America, Inc. "Not only are we
making products in North America, but we're also localizing critical tooling."

Growth in the United States
In the U.S., DENSO is looking at investing more than $750 million in Michigan,
Tennessee, Iowa, California and North Carolina. The investment represents an
increase in research and development, an expansion in existing production
lines, the creation of new production lines, and the opening a new assembly
and warehouse facility to support its Heavy Duty customers.

Not only does the investment represent a localization of technology, but
DENSO's also investing in making more of its own manufacturing equipment and
dies here. The company has dedicated a building at DENSO Manufacturing
Tennessee in Maryville, Tenn., where proprietary machinery will be made. This
will serve as the regional headquarters for manufacturing machinery and dies.
However, DENSO will make machinery in other regional locations as well.

In the future, DENSO plans to make all of its critical manufacturing equipment
in North America. The company has sourced several millions of dollars of
business to American machine shops, which will positively impact the community
and create additional jobs.

DENSO will continue to invest in North America and regions around the world.

Currently, in North America, DENSO employs more than 14,000 people at 28
consolidated companies and affiliates. Of these, 26 are manufacturing
facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO
employs more than 10,000 people in California, Michigan, North Carolina, South
Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, and Arkansas.

DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a
leading global automotive supplier of advanced technology, systems and
components in the areas of thermal, powertrain control, electric, electronics
and information and safety. Its customers include all the world's major
carmakers. Worldwide, the company has more than 200 subsidiaries and
affiliates in 35 countries and regions (including Japan) and employs more than
120,000 people. Consolidated global sales for the fiscal year ending March 31,
2012, totaled US$38.4 billion. Last fiscal year, DENSO spent 9.5 percent of
its global consolidated sales on research and development. DENSO common stock
is traded on the Tokyo and Nagoya stock exchanges.

In North America, DENSO employs more than 14,000 people with consolidated
sales totaling US$6.2 billion for the fiscal year ending March 31, 2012.

Connect with us on Facebook: http://www.facebook.com/DENSOinNorthAmerica

SOURCE DENSO Corporation

Contact: Bridgette LaRose, DENSO International America, Inc., +1-248-372-8266
or cell, +1-586-703-3322, bridgette_larose@denso-diam.com
 
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