Tuesday, 25th March 2008
In Business In Japan,
New factory development planned by Denso
Car parts manufacturer Denso Corporation has announced plans to construct a new factory in Japan.
Due to be developed at a cost of ¥16 billion, the new factory development is planned for Fukushima Prefecture and is expected to become operational by January 2010.
Established in 1949 and with headquarters in Japan's Aichi Prefecture, Denso Corporation is a member of the Toyota Group.
"To meet increasing vehicle production in the Tohoku and Kanto regions as well as to establish a competitive production we have decided to set up a new company in Fukushima," said Sojiro Tsuchiya, senior managing director, with responsibility for the production promotion centre at Denso.
Under the company's proposals, the new factory is to be constructed for the production of air conditioning systems as a way of meeting domestic demand.
The company produces a number of different component types, including those relating to hybrid vehicles, safety and driving control.