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Toyota Industries and DENSO to Establish an Automotive Air-Conditioning Compressor Manufacturing Company in Indonesia.

Kariya, Dec 8, 2010 - (JCN Newswire) - In response to the growing needs of the ASEAN auto market, Toyota Industries Corporation (TICO) and DENSO Corporation (DENSO) will establish a new automotive air-conditioning compressor manufacturing company in Bekasi Province of the Republic of Indonesia in January 2011.

The new company to be named "P.T. TD Automotive Compressor Indonesia (TACI)," will be jointly established by P.T. Astra Otoparts and Toyota Tsusho Corporation, as well as TICO and DENSO.

"TACI is our 5th overseas compressor factory, which will increase our supply capabilities to meet the growing needs of the ASEAN automobile market," said Masaharu Suzuki, managing officer in charge of TICO's Compressor Division.

TACI will succeed P.T. DENSO Indonesia (DNIA)'s compressor operation and will be based on DNIA's current operations. Production at TACI will begin in June 2011 and the new company plans to produce 1 million units in the first year of operation.

"In response to expanded customer demands in the ASEAN region, we intend to increase the annual manufacturing capacity of TACI from 1 million units to 1.6 million by the end of the fiscal year ending March 2016," said Akio Shikamura, senior managing director of DENSO's Thermal Systems Business Group.

Additionally, TACI will produce and supply compressors for the "Etios" compact car that was developed by Toyota Motor Corporation for the Indian market.
Profile of P.T. TD Automotive Compressor Indonesia

1 Name : P.T. TD Automotive Compressor Indonesia
2 Location : MM2100 Industrial Town, Bekasi, West Java
 Province, Jakarta, Republic of Indonesia
 (Inside DNIA Bekasi Factory)
3 Establishment: January 2011
4 Start of Ops: 2011
5 Capital : 187.3 Billion Rupiahs (approx US$20.7 Million*)
6 Ownership 50.1% owned by TICO
 25.7% owned by P.T. Astra Otoparts
 20.0% owned by DENSO INTERNATIONAL ASIA PTE. LTD.
 4.2% owned by P.T.Toyota Tsusho Indonesia
7 Investment : Approx 2 Billion Yen (approx US$23.7 Million*)
8 Business: Manuf. of compressors for car air conditioners
9 Building Area : Factory area approximately 10,000 u|u
10 Employees : 500 (when production has started)
11 Annual Prod. : 1 mil units per year (Fiscal 2011 plan) Capacity

Profile of P.T. DENSO Indonesia after Establishment of new Company

1 Location : Tanjung Priok Region, Jakarta City,
 Republic of Indonesia
2 Establishment: May 1975
3 Capital : 2.345 Billion Rupiahs (approx US$0.3 Million*)
4 Ownership : 68.3% owned by DENSO INTERNATIONAL ASIA PTE. LTD.
 25.7% owned by P.T. Astra Otoparts
 6% owned by Toyota Tsusho Corporation
5 Business : Manufacture and sales of car air conditioners,
 radiators, plugs, 02 sensors etc.
6 Employees : 2,150 (as of June 2011)

* Exchange rates used are 9035.70 Indonesian Rupiah per one dollar
and 84.27 yen per one dollar, at the end of November 2010 for
convenience only. Billion is used in the American sense of
one thousand million.


About Denso

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 34 countries and regions (including Japan) and employs approximately 120,000 people. Consolidated global sales for the fiscal year ending March 31, 2010, totaled US$32.0 billion. Last fiscal year, DENSO spent 9.1 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.

About Toyota Industries

Toyota Industries Corporation was founded in 1926 to manufacture and sell automatic looms (weaving machines) invented by Sakichi Toyoda. In the ensuing years, Toyota Industries extended the scope of its business domains to encompass textile machinery, automobiles (vehicles, engines, car air-conditioning compressors), materials handling equipment, electronics and logistics. With production bases in North America, Europe and Asia, including Japan, China and India, as well as a worldwide sales network, mainly in its Materials Handling Equipment and Textile Machinery segments, the operations of the Toyota Industries Group span the globe. For more information, please visit www.toyota-industries.com.

Source: Denso

Contact:
Toyota Industries Corporation
Phone: +81-566-27-5157
Fax: +81-566-27-5652

DENSO Corporation
Sadayoshi Yokoyama
Goro Kanemasu
Phone: +81-566-25-5594
Fax: +81-566-25-4509
sadayoshi_yokoyama@denso.co.jp
goro_kanemasu@denso.co.jp


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Publication:JCN Newswires
Date:Dec 8, 2010
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