Kariya, Japan, Jan 23, 2013 - (JCN Newswire) - As part of its efforts to enhance the production and supply framework in the ASEAN region, DENSO will establish a company in Cambodia. The new company, DENSO Cambodia Co., Ltd., which is scheduled to open in July 2013, will produce sensor components for ignition magnetos. The new company plans to gradually produce other products for the region.
"To support the increasing production of motorcycles and automobiles in the ASEAN region, we've decided to establish a production company in Cambodia. This will enhance our production needs for customers in the regions," said Sojiro Tsuchiya, DENSO Corporation's Executive Vice President responsible for the Asia and Oceania region.
"DENSO remains committed to expanding its production and supply framework in line with market trends in various regions of the world, as well as to offer products that meet the expectations of customers and automobile users. DENSO is also committed to create jobs and facilitate economic development in respective regions through its operations," said Sojiro.
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 35 countries and regions (including Japan) and employs over 120,000 people. Consolidated global sales for the fiscal year ending March 31, 2012, totaled US$38.4 billion. Last fiscal year, DENSO spent 9.5 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.
In Asia and Oceania, DENSO employs more than 31,000 people with consolidated sales totaling US$7.6 billion for the fiscal year ending March 31, 2012. In the ASEAN region, DENSO has operations in Singapore, Thailand, Indonesia, Malaysia, Philippines and Vietnam.
Profile of DENSO Cambodia Co., Ltd.
1. Company name: DENSO Cambodia Co., Ltd.
2. Location: Phnom Penh Special Economic Zone in Cambodia (approximately 20 minutes by car from Phnom Penh International Airport)
3. Investment: US$400,000
4. Ownership: 100 percent by DENSO International Asia Co., Ltd.
5. Capital: US$300,000
6. Start of Operations: July 2013
7. President: Yasuhiro Iida (concurrently serving as president of DENSO (THAILAND) Co., Ltd.)
8. Employees: Approximately 100 (planned for 2014)
9. Business description: Production of sensor components for ignition magnetos
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 35 countries and regions (including Japan) and employs over 120,000 people. Consolidated global sales for the fiscal year ending March 31, 2012, totaled US$38.4 billion. Last fiscal year, DENSO spent 9.5 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, Goro Kanemasu
DENSO CORPORATION
Phone: 81-566-25-5594
Fax: 81-566-25-4509
sadayoshi_yokoyama@denso.co.jp
goro_kanemasu@denso.co.jp
Jan 23, 2013
Source: Denso
Denso (TSE: 6902) (U.S: DNZOY)
From the Japan Corporate News Network
http://www.japancorp.net
Topic: Establish New Company
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