DENSO Invests Approximately $51.4 Million to Expand Silao Mexico Plant
Adding about 450 jobs and adding a new product line
Kariya, Japan, July 11, 2013 - (JCN Newswire) - Global automotive supplier
DENSO is investing approximately $51.4 million to expand its operations and add
about 450 new jobs, at its DENSO Mexico S.A. de C.V. (DNMX) manufacturing
facility in Silao, Guanajuato, Mexico. The investment represents the addition
of a new product line to make alternators for its North American customers as
they are ramping up production in the region. The new line is scheduled to
start production in October 2014.
This expansion news comes on the heels of DENSO's January 2012
announcement to build the Silao facility, which will begin production of
heating, ventilation and air conditioning (HVAC) units in October 2013.
DENSO's initial investment totaled US$57 million, which represented a
25,600 square meter facility and more than 400 jobs. Since the announcement,
DENSO has increased its production line up of radiators and washer systems and,
as a result, decided to expand 30,600 square meters further to accommodate the
alternator line and other future business expansions. The total investment now
represents US$108.4 million, 56,200 square meter facility and about 850 jobs.
The Silao plant is the third plant for DNMX, which also has two facilities in
Nuevo Leon state. DNMX currently manufactures a variety of automotive products
at its two existing plants, including instrument clusters, climate control
panels, and engine system control components such as variable cam timing and
oil control valves.
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
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