DENSO to Establish New Company in Hokkaido, Japan to Produce Automotive Semiconductor Products.Kariya Kariya (kärē`yä), city (1990 pop. 120,126), Aichi prefecture, central Honshu, Japan. It is an industrial center with textile, mechanical, food-processing industries, and ceramic tile industries. , Japan, Apr 26, 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 announced today that it will establish a new company in Chitose Chitose (chētō`sā), city (1990 pop. 78,946), Hokkaido prefecture, central Hokkaido, Japan, on the Chitose River. It is a communications center and has one of Japan's largest major airports. , Hokkaido Hokkaido (hōkī`dō), island (1990 pop. 5,643,515), c.30,130 sq mi (78,040 sq km), N Japan, separated from Honshu island by the Tsugaru Strait and from Sakhalin, Russia, by the Soya Strait. , Japan to produce automotive semiconductor products. The new company - DENSO ELECTRONICS CORPORATION - will have an initial capital investment of approximately US$17 million (2 billion yen). DENSO plans to start production at the new plant in April 2009. By fiscal 2015, DENSO expects investment in the new operation to total approximately US$200 million (approximately 24 billion yen), with projected sales of approximately US$850 million (approximately 100 billion yen). "In the pursuit of environmental conservation, as well as the safety, comfort, and convenience of drivers and passengers, automotive electronic control systems are expected to become more sophisticated and complex, resulting in an increasing demand for automotive semiconductor products," said Hiromi Hiromi is a Japanese given name that can be given to a male or female. The following people have the given name Hiromi:
DENSO also plans to add an application design function at DENSO ELECTRONICS CORPORATION to strengthen product development capabilities. The new company will be DENSO's third production base in Japan to produce automotive semiconductor products, including the Kota Plant and the Takatana Plant in Aichi Aichi (ī`chē), prefecture (1990 pop. 6,690,440), 1,962 sq mi (5,082 sq km), central Honshu, Japan. Bounded on the S and W by Ise Bay, Aichi consists of a coastal plain (the Nobi Plain) and a mountainous, forested interior. . DENSO will produce automotive semiconductor products at these three production bases for auto manufacturers and its group companies worldwide. 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 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. , Osaka Osaka (ō`säkä), city (1990 pop. 2,623,801), capital of Osaka prefecture, S Honshu, Japan, on Osaka Bay, at the mouth of the Yodo River. 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 . New Company Profile
Name: DENSO ELECTRONICS CORPORATION
Establishment: April 27, 2007
Location: 1007-195, Izumisawa, Chitose, Hokkaido
(Chitose Airport Industrial Complex)
Capital: US$17 million (2 billion yen)
Ownership: 100 percent owned by DENSO Corporation
Investment: Approximately US$200 million
(approximately 24 billion yen projected
by fiscal 2015)
President: Masakazu Sugimoto
(current general manager of Kota Plant)
Business: Production of automotive semiconductor products
Employees: Approximately 100 (projected for fiscal 2009)
Approximately 1,300 (projected for fiscal 2015)
Sales: Approximately US$850 million
(approximately 100 billion yen projected
for fiscal 2015)
Site Area: 163,000 square meters
Building Area: Approximately 50,000 square meters
*Exchange rates used are 118 yen per one dollar, at the end of March 2007 for convenience only. Billion is used in the American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of sense of one thousand million. 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: DENSO CORPORATION Phone: 81-566-25-5594 Fax: 81-566-25-4509 miwa_kurokawa@denso.co.jp goro_kanemasu@denso.co.jp Copyright [c] 2007 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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