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| Friday, 20 February 2015, 14:00 HKT/SGT | |
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Source: Denso | |
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| Enhancing the production and supply system in the growing ASEAN market |
KARIYA, JAPAN, Feb 20, 2015 - (JCN Newswire) - Denso Corporation today announced that it will construct a new plant in Cambodia to produce magnetos and oil coolers. The new plant, which is located in the Phnom Penh Special Economic Zone where DENSO Cambodia Co., Ltd. operates its existing plant, will support the increasing vehicle production in the ASEAN region. DENSO's new facility is scheduled to begin production in March 2016 and will result in about 300 new jobs.
DENSO remains committed to offering products that meet the expectations of customers and consumers. This expansion will also support job creation and economic development of local communities in the region.
Profile of the new plant
1. Name: New plant of DENSO Cambodia Co., Ltd. (tentative name)
2. Location: Cambodia Phnom Penh Special Economic Zone (approx. 20
min. by car from Phnom Penh International Airport)
3. Investment: Approx. US$19 million (2.24 billion yen)*
4. Employees: Approx. 380 (planned for 2017)
5. Site area: 100,000 square meter
6. Floor area: 9,600 square meter
7. Business description: Manufacturing magnetos and oil coolers, etc.
Profile of DENSO Cambodia
1. Name: DENSO Cambodia Co., Ltd.
2. Location: Cambodia Phnom Penh Special Economic Zone (approx. 20 min.
by car from Phnom Penh International Airport)
3. President: Yasuhiro Iida (concurrently serves as President of DENSO
Thailand Co., Ltd.)
4. Establishment: January 2013
5. Capital: US$19.37 million (2.28 billion yen)*
6. Ownership: DENSO INTERNATIONAL ASIA PTE. LTD (100%)
7. Sales: Approx. US$3.3 million (389 million yen) (2014)(2)
8. Employees: Approx. 80 (as of January 2015)
9. Business: Manufacturing sensors for magnetos, etc.
* Exchange rate used is 118 yen to the US dollar.
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
Topic: Press release summary
Source: Denso
Sectors: Engineering, Automotive
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From the Asia Corporate News Network
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