DENSO to Construct a New Plant to Produce Car Air Conditioners in Changchun, China |
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DENSO Corp.
1-1 Showa-cho Kariya
Aichi, 448-8661
Japan
Press release date: November 15, 2010
KARIYA (Japan) - In response to the growing Chinese vehicle market, DENSO Corporation will construct a new plant to produce car air conditioners in Changchun, China. The new plant will be DENSO's first manufacturing base in northeastern China and will serve as a branch plant of Tianjin Fawer DENSO Air-Conditioner Co., Ltd., which produces and sells car air conditioners and other products in Tianjin, China.
"With the market for vehicle production and sales expected to grow in China, we want to support customers in the regions in which they operate," said Akio Shikamura, senior managing officer responsible for DENSO's Thermal Systems Business Group. "Establishing this facility in Changchun will allow DENSO to quickly respond to automakers' increasing production by providing car air conditioners and other products."
With construction scheduled to start in August 2011, the plant will begin operations at the end of 2012 and supply products to customers such as FAW Toyota and FAW VW, both of which are affiliated businesses of China FAW Group Corporation. The new facility, which will have 132 million yuan (approximately US$19.7 million) invested in it by the end of 2012, will have a site area of approximately 40,000 m2 and a floor area of approximately 15,000 m2.
Currently, DENSO produces automotive air conditioning systems and related components at nine locations in China. The new plant will be DENSO's tenth manufacturing base in the country.
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 34 countries and regions (including Japan) and employs approximately 120,000 people. Consolidated global sales for the fiscal year ending March 31, 2010, totaled US$32.0 billion. Last fiscal year, DENSO spent 9.1 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
sadayoshi_yokoyama@denso.co.jp goro_kanemasu@denso.co.jp
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