DENSO to Expand its Fukushima, Japan location as Part of Efforts to Enhance the DENSO Group Production System

May. 19, 2017 News Releases Organization Announcement

KARIYA (Japan) ― DENSO Corporation today announced that it will build an additional plant at its DENSO Fukushima location in Tamura city, Fukushima Prefecture, Japan, to diversity its manufacturing lineup to include powertrain components, which will enhance the competitiveness of the group’s production system Japan. The company will invest about US$135 million (approx. 15 billion yen) by 2023 to build the new plant and expand production. The project will start in August 2017 and will be completed in July 2018. Production will begin in October 2018 in stages. The number of employees required will increase to around 600 by 2023.

DENSO Fukushima currently manufactures automotive thermal systems, including air conditioning systems and engine cooling modules (ECMs). The new plant will manufacture fuel pumps and injectors for gasoline engine fuel systems. Furthermore, this expansion aims to serve as a DENSO Group production base in eastern Japan, and will improve its capability to meet customer needs and contribute to the development of the local community.

Profile of DENSO Fukushima Corporation

1. Name

:

DENSO Fukushima Corporation

2. Establishment

:

April 2008

3. Location

:

Western Tamura Industrial Park, 26 Koyodai, Funehiki-machi, Tamura, Fukushima Prefecture

4. Capital

:

Approx. US$14 million (1.6 billion yen)

5. Ownership

:

100% owned by DENSO Corporation

6. President

:

Masatoshi Iwase

7. Employees

:

306 (as of April 2017)

About 600 (projected for FY2023)

8. Business description

:

Manufacturing automotive air conditioning systems, engine cooling modules, etc.

9. Site area

:

About 237,000 m2

10. Total floor area

:

About 32,100 m2 (before expansion)

About 56,100 m2 (after expansion)

* Exchange rate used is 111.3 yen to the US one dollar, at the end of April for convenience only.

A new plant at DENSO Fukushima

Image of the completed new plant (left) at DENSO Fukuhsima
Image of the whole of DENSO Fukushima after the completion of the new plant

About DENSO Corporation

DENSO Corp., 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, 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 38 countries and regions (including Japan) and employs more than 150,000 people. Consolidated global sales for the fiscal year ending March 31, 2017, totaled US$40.4 billion. Last fiscal year, DENSO spent 9.0 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.denso.com, or visit our media website at www.denso.com/global/en/news/media-center/