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Wednesday, 29 March 2017, 11:49 HKT/SGT
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Source: Denso
DENSO to Build a New Plant at DENSO Iwate as Part of Efforts to Enhance the DENSO Group Production System

KARIYA, JAPAN, Mar 29, 2017 - (JCN Newswire) - DENSO Corporation today announced that it will build an additional plant to expand production to include instrument clusters at the DENSO Iwate plant in Kanegasaki-cho, Iwate Prefecture, to enhance the competitiveness of the group's production system in Japan.

DENSO Corporation will invest approximately US$88 million (approx. 10 billion yen) and the number of employees required will increase to around 1,000 by 2020. Construction will start in October 2017 and will be completed in October 2018. Production will begin in May 2019 and increase in stages.

DENSO Iwate currently manufactures semiconductor wafers, and will start production of semiconductor sensors in June 2017. DENSO Iwate will expand its production lineup from semiconductor wafers to electronics products, and will improve its capability to meet customer needs and also contribute to the development of the local community.

Profile of DENSO Iwate Corporation
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A new plant at DENSO Iwate
http://www.acnnewswire.com/topimg/Low_NewPlantDENSOIwate.jpg


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, 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 38 countries and regions and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9 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.

Contact:
Sadayoshi Yokoyama, Toshiko Watanabe 
DENSO CORPORATION 
Phone: 81-566-25-5594 
Fax: 81-566-25-4509 
sadayoshi_yokoyama@denso.co.jp 
toshiko_watanabe@denso.co.jp



Mar 29, 2017 11:49 HKT/SGT
Source: Denso

Topic: Press release summary
Sectors: Automotive
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Profile of DENSO Iwate Corporation
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A new plant at DENSO Iwate
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