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Global Operations
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As of March 31, 2001, DENSO operated in 27 countries and regions worldwide through 142 subsidiariesand 22 affiliates, including 76 production centers. Under this global system, we conduct business with virtually all of the world's automakers. The auto industry today faces various issues that are spurring change. Manufacturers are finding it difficult to produce more vehicles due to lackluster demand in a mature market, and they are being pressured to address vehicle-induced environmental problems. Innovative technologies are presenting new and exciting growth opportunities. In response to slowing growth in their markets, automakers are reducing costs by manufacturing vehicles on common platforms and developing models for sale worldwide. Reinforcing our longstanding business connections with global automakers is critical to our growth. We have focused on a number of initiatives to bolster our global operations. We are lowering costs without sacrificing quality. We are promoting modularization, backed by our ability to propose new products and systems to automakers. And we are refining our ability to supply quality products anywhere in the world. For fiscal 2002, ending March 31, 2002, we have formulated strategies for all three major regions. In the Americas, we will build upon our established production centers and sales channels to further bolster our presence. In Europe, our efforts will focus on increasing production of diesel injection pumps in Hungary and air-conditioning and electrical components in Italy. And in Asia, we will increase local procurement and consolidate production activities at the most advantageous locations. |
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Copyright(c) 2001 DENSO CORPORATION. All rights reserved.
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