DENSO Announces Major Expansion of Manufacturing Facility in Canada - New Investment Totals US$63.7 Million with 300 Additional Jobs by 2010 -.Tokyo Tokyo (tō`kēō), city (1990 pop. 8,163,573), capital of Japan and of Tokyo prefecture, E central Honshu, at the head of Tokyo Bay. , Japan, June June: see month. 21, 2007 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - DENSO DENSO Corporation (株式会社デンソー Corporation today announced that DENSO Manufacturing Canada, Inc., DENSO's subsidiary in Guelph, Ontario Guelph (IPA: gwɛlf) (population 114,943[1]) is a city located in the Southwestern region of Ontario, Canada. , Canada, plans to expand its 10,450 square-meter facility by approximately 20,000 square meters Noun 1. square meter - a centare is 1/100th of an are centare, square metre area unit, square measure - a system of units used to measure areas . The new investment will total US$63.7 million, and will create approximately 300 new jobs by 2010. Due to the expansion, capital was increased by US$24.5 million in May. With this expansion, DENSO Manufacturing Canada will produce radiators, condensers and electric fans for radiators and integrate these products into engine cooling modules. The company will also continue producing air conditioning air conditioning, mechanical process for controlling the humidity, temperature, cleanliness, and circulation of air in buildings and rooms. Indoor air is conditioned and regulated to maintain the temperature-humidity ratio that is most comfortable and healthful. units. "With increasing demand and sales expansion in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. for engine cooling products, we decided to enhance our production capability in Canada," said Hikaru Sugi, managing officer in charge of DENSO's Thermal Systems Business Group. "We anticipate DMCN's sales to increase to approximately US$240 million by fiscal year 2010, from US$128 million for fiscal year 2006." Construction of the expansion is scheduled to begin in July 2007 and be completed by September 2008. Production is scheduled to start in January 2009. DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global supplier of advanced technology, systems and components. Worldwide, the company employs approximately 112,000 people in 32 countries and regions, including Japan. Consolidated global sales for the fiscal year ended March 31, 2007 totaled US$30.6 billion. DENSO common stock is traded on the Tokyo, Osaka and Nagoya stock exchanges Nagoya Stock Exchange Established after World War II, one of the three major securities markets in Japan. in Japan. For more information, go to www.globaldenso.com or visit our media website at www.densomediacenter.com Company Profile
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Name: DENSO Manufacturing Canada, Inc.
Established: December 1972
Location: Guelph, Ontario, Canada
Capital: US$46.5 million (After capital increase)
Ownership: 100 percent by DENSO Corporation
President: Joseph Stich
Products: air conditioning units (as of June 2007)
Employees: Approximately 290 (as of the end of May 2007)
Approximately 590 (projected total by 2010)
Building floor Area: 10,450 square meters (before expansion)
30,330 square meters (after expansion)
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About DENSO Corporation DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global supplier of advanced technology, systems and components. 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 in Japan. For more information, go to www.globaldenso.com or visit our media website at www.densomediacenter.com. Source: DENSO Corporation Contact: Ms. Miwa Kurokawa Mr. Goro Kanemasu DENSO CORPORATION Phone: 81-566-25-5594 Fax: 81-566-25-4509 miwa_kurokawa@denso.co.jp goro_kanemasu@denso.co.jp Japan Corporate News Network. All rights reserved. |
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