Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Thursday, 28 June 2018, 10:42 HKT/SGT
Share:
    

Source: Denso
DENSO to Integrate the Operations of Three Group Companies in South Korea
- Integrating a range of operations including development, production and sales to increase management speed -

KARIYA, JAPAN, June 28, 2018 - (JCN Newswire) - DENSO Corporation, one of the world's largest suppliers of automotive technology and components, today announced that it will integrate the operations of three of its group companies: DENSO Korea Electronics Corporation, DENSO Korea Automotive Corporation, and DENSO International Korea Corporation. The combined companies will operate as DENSO Korea Corporation and will improve financial strength and achieve growth in South Korea by integrating the development, manufacturing and sales of automotive components in the region.

Since the establishment of its first production company in South Korea in 1976, DENSO has locally manufactured display products, such as instrument clusters and head-up displays, as well as car air conditioners, starters, alternators, and small motors for automakers in South Korea. In 1997, DENSO established a sales company, which is currently annexed by a technical center to fulfill development functions, in order to promote localization of operations.

The operational integration of the three companies will create synergies in both technology development and production, and incorporate sales functions to accelerate the development of products that meet the needs of local customers. The functional sections, including business planning, will be consolidated to increase management speed.

DENSO remains committed to meeting the needs of regional customers and contributing to the development of the local economy and auto industry.


About Denso

DENSO is a $48.3 billion global mobility supplier that develops advanced technology and components for nearly every vehicle make and model on the road today. With manufacturing at its core, DENSO invests in its 221 facilities in 35 countries to produce thermal, powertrain, mobility, electrification, & electronic systems, to create jobs that directly change how the world moves. The company's 170,000+ employees are paving the way to a mobility future that improves lives, eliminates traffic accidents, and preserves the environment. Globally headquartered in Kariya, Japan, DENSO spent 9.3% of its global consolidated sales on research and development in the fiscal year ending March 31, 2019. For more information about global DENSO, visit https://www.denso.com/global.

Contact:
Sadayoshi Yokoyama, Toshiko Watanabe 
DENSO CORPORATION 
Phone: 81-566-25-5594 
Fax: 81-566-25-4509 
[email protected] 
[email protected]


June 28, 2018 10:42 HKT/SGT
Source: Denso

Topic: Press release summary
Sectors: Automotive
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2020 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


Denso Links

http://www.globaldenso.com/en/

https://www.facebook.com/DENSOCorporation/

https://twitter.com/hashtag/denso?lang=en

https://www.youtube.com/channel/UCl8cZy9vYlTcnkVMEInM7XQ

https://ph.linkedin.com/company/denso

Denso
Aug 5, 2020 15:09 HKT/SGT
DENSO Establishes Pittsburgh Innovation Lab to Accelerate Automated Driving R&D
July 31, 2020 13:11 HKT/SGT
DENSO Announces First Quarter Financial Results
July 21, 2020 21:35 HKT/SGT
Reproducing the Driver's Senses by Engineering: DENSO's Challenge to Develop Automated Driving Systems
July 21, 2020 17:40 HKT/SGT
To Achieve AI-based Fully Automated Driving: R&D Project on Elemental Technologies at DENSO
July 6, 2020 15:34 HKT/SGT
Announcement of Absorption-type Merger (Simplified Merger and Short-form Merger) of DENSO IT Solutions Inc.
June 1, 2020 11:48 HKT/SGT
DENSO and Certhon Establish DENSO AgriTech Solutions
May 29, 2020 11:05 HKT/SGT
DENSO Announces Changes in the Areas of Responsibility of Senior Executive Officers and Executive Officers
May 18, 2020 16:36 HKT/SGT
DENSO, Global Mobility Service to Support Delivery of COVID-19 Test Kits in Indonesia
Apr 30, 2020 16:43 HKT/SGT
DENSO Announces Changes to Its Board of Directors
Apr 30, 2020 12:15 HKT/SGT
DENSO Announces Year-end Financial Results
More news >>
 News Alerts
Copyright © 2020 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 400 879 3881 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6859 8575

Connect With us: