Mar 12, 2009
DENSO to Postpone Construction Work and Production Start of New Company in Fukushima, Japan
KARIYA (Japan) - DENSO Corporation announced today that it will postpone the construction work and production start of a production company - DENSO East Japan Corporation - established in Fukushima, Japan in April 2008. The postpone was decided considering the current severe economic conditions and declining vehicle production.
DENSO East Japan is necessary to strengthen DENSO's manufacturing system in Japan. Considering the recovery of economic and auto industry situations, DENSO aims to start the operations of DENSO East Japan around spring in 2011.
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 119,000 people in 32 countries and regions, including Japan. Consolidated global sales for the fiscal year ended March 31, 2008 totaled US$40.2 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.