|Monday, 1 July 2019, 11:47 HKT/SGT|
|- Nippon Wiper Blade to be merged with Asahi Manufacturing -|
KARIYA, JAPAN, July 1, 2019 - (JCN Newswire) - DENSO Corporation has announced that Nippon Wiper Blade Co., Ltd. and Asahi Manufacturing Co., Ltd., both of which are subsidiaries of DENSO Corporation, will merge on October 1, 2019, and make a new start as DENSO Wiper Systems, Inc.
With the auto industry undergoing a once-in-a-century transformation, the business environment is changing significantly due to swift innovations in CASE (connected, autonomous, shared and electrified) technologies. Notably, competition to develop automated driving technologies has intensified and increased the importance of auxiliary systems. Concerning safety related to field of vision, technologies including cameras and sensors have been developed for automated driving, requiring automotive component suppliers to offer wiper system products that are compatible with these changes.
Against this backdrop, the wiper system business structure of the DENSO Group was reviewed. DENSO Wiper Systems will build an integrated structure from design and production, to supply of wiper systems, thereby strengthening its capability to meet the needs of customers. The company will also step up efforts for the DENSO Group to create new added value in advanced fields.
Historically, DENSO has developed technologies and products to help create a society free from traffic accidents. Based on these technologies, DENSO will continue to contribute to building a safe and secure automotive society for all people around the world.
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.
July 1, 2019 11:47 HKT/SGT
Topic: Press release summary
From the Asia Corporate News Network
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