May 7, 2012
DENSO to Establish a New Manufacturing Facility in India
Increasing production capacity to support India's market growth
KARIYA (Japan) - In an effort to support increasing vehicle production in India, DENSO will build a new manufacturing facility in Jhajjar, Haryana, India, that will produce small motors for products, such as windshield wipers, power windows and engine cooling modules. DENSO's new facility, DENSO HARYANA Pvt. Ltd. (DNHA), Jhajjar Plant which represents an investment of about 2.7 billion rupees (approximately US$ 52.2 million), will employ about 450 people.
Construction of the plant begins in May 2012 and start of production will begin in July 2013.
"As India is one of our most important markets with a high growth potential, the new manufacturing facility will enhance our current production capacity and help better serve our customers in India," said Michio Adachi, DENSO's executive director in charge of the Powertrain Control Systems Business Group. "The new facility will supply products mainly to customers that have production bases in Northern India, including Maruti Suzuki and Tata Motors and other automakers."
The Society of Indian Automobile Manufacturers estimates that India's vehicle production will reach 6.5 million units in fiscal 2015, up from 3.7 million units in fiscal 2010.
The profile of the new plant is as follows.
Profile of Jhajjar Plant of DENSO HARYANA
|1. Name||DENSO HARYANA Pvt. Ltd. Jhajjar Plant|
|2. Location||Jhajjar City, Haryana State, India|
|3. Investment||2.7 billion rupees (approximately US$52.2 million)|
|4. Employees||450 (planned for July 2013)|
|5. Site area||73,000㎡|
|6. Total floor area||12,000㎡|
|7. Business description||Manufacturing and selling small motors for products such as windshield wipers and power windows, and engine cooling modules|
Profile of DENSO HARYANA
|1. Name||DENSO HARYANA Pvt. Ltd.|
|2. Location||Gurgaon City, Haryana State, India|
|3. President||Hideto Naito|
|4. Establishment||August 1997|
|5. Capital||2 billion and 49 million rupees (approximately US$US$39.6 million)|
|6. Ownership||100 percent owned by DENSO Corporation|
|7. Sales||6.9 billion rupees (approximately US$ US$133.4 million in FY 2011)|
|8. Employees||688 (as of January 2012)|
|9. Business description||Manufacturing and selling fuel pumps, injectors, engine ECUs, and VCTs|
* Exchange rate used is 51.71 rupee to the US one dollar, at the end of April 2012 for convenience only
About DENSO in India
In India, DENSO began operations in 1984, and now has six subsidiaries including four production companies, which produce automotive air conditioning systems, fuel injectors, engine ECUs, starters, alternators and other devices. In March 2012, DENSO established a technical center in Gurgaon City, Haryana State, its sixth technology development base in the world. The company employs more than 2,400 people in India. For more information, go to www.denso.co.in
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 approximately 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.