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| Nov 16, 2006 |
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DENSO Announces Major Expansion
of Manufacturing Facility in Hungary
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-Production Volume for Diesel Common Rail Systems to Nearly Double-
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TOKYO - DENSO Corporation announced today that DENSO Manufacturing Hungary Ltd., DENSO's subsidiary in Szekesfehervar, Hungary, will expand its diesel common rail system production capability by building a new 9,600-square-meter facility on the existing premises. The total investment will be approximately 38.3 million euro. Due to the expansion, capital will be increased by 24.3 million euro by the end of 2006. DENSO expects approximately 200 new jobs by the end of 2007.
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"With the increasing demand in Europe for common rail systems, we decided to enhance our production capability in Hungary," said Hiromi Tokuda, senior managing director in charge of DENSO's Powertrain Control Systems and Electronic Systems Business Groups. "We plan to increase annual production volume of common rail systems to 1 million units by fiscal year 2008, from the 650,000 units projected for fiscal year 2006."
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Construction of the new facility is scheduled to begin in April 2007 and be completed by July 2007. Production is scheduled to start in January 2008.
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DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global supplier of advanced technology, systems and components. Its customers include all the world's major carmakers. Worldwide, the company employs approximately 106,000 people in 32 countries and regions, including Japan. Consolidated global sales for the fiscal year ended March 31, 2006 totaled US$27.3 billion. DENSO common stock is traded on the Tokyo, Osaka and Nagoya stock exchanges. For more information, go to www.globaldenso.com or visit our media website at www.densomediacenter.com.
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Company Profile
| 1. |
Name |
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DENSO Manufacturing Hungary Ltd. |
| 2. |
Established |
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July 1997 |
| 3. |
Location |
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Szekesfehervar, Hungary |
| 4. |
Capital* |
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191.3 million euro |
| 5. |
Ownership* |
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87 percent by DENSO Corporation |
| 13 percent by DENSO International Europe B.V. |
| 6. |
President |
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Ohoka Yukimasa |
| 7. |
Products |
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Common rail systems, electronically controlled injection pumps, variable cam timing and other engine related components |
| 8. |
Employees |
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Approximately 3,800 (as of November 2006) |
| 9. |
Building Floor Area |
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Approximately 61,000 square meters (before expansion) |
| Approximately 70,600 square meters (after expansion) |
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