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 by 2016. 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. About Denso 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. Contact: Sadayoshi Yokoyama, Goro Kanemasu DENSO CORPORATION Phone: 81-566-25-5594 Fax: 81-566-25-4509 email@example.com firstname.lastname@example.org Copyright 2013 JCN Newswire. All rights reserved. www.japancorp.net Provider ID: 00026630
DENSO East Japan to Expand Its Plant
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