DENSO East Japan to Expand Its Plant
Represents an Investment of about $92.5 Million and 110 employees by 2016
Kariya, Japan, Apr 18, 2013 - (JCN Newswire) - To meet the increasing
production of vehicles in East Japan, DENSO East Japan Corporation, a
subsidiary of DENSO Corporation, will triple the size of its manufacturing
plant by three times its size. DENSO East Japan will produce engine cooling
modules (ECMs) and other automotive products, in addition to its current
production of air conditioning systems. The new facility represents an
investment of approximately 8.7 billion yen (approximately US$92.5 million) and
the number of employees is planned to double from the current 110 to about 220
As part of the expansion, DENSO East Japan will install solar and wind power
generation equipment to effectively use renewable energies.
Construction is scheduled to begin on April 18, 2013 and will be completed by
February 2014. Production is scheduled to start from May 2014.
DENSO East Japan held a ceremony at the construction site to pray for the
safety of the plant. The ceremony was attended by 20 guests including the
governor of Fukushima Prefecture, mayor of Tamura City, town mayor of
Miharu-machi, and customers. Nobuaki Katoh, President of DENSO Corporation, and
Tadafumi Okada, President of DENSO East Japan also attended the ceremony.
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 over 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. For more information, go to
www.globaldenso.com, or visit our media website at www.densomediacenter.com.
Copyright 2013 JCN Newswire. All rights reserved. www.japancorp.net
Provider ID: 00026630
Press spacebar to pause and continue. Press esc to stop.