DENSO to Consolidate Asia and Oceania Regional Headquarters and Aftermarket Sales Company in Singapore
KARIYA (Japan) - DENSO Corporation announced today that on April 1 it will consolidate DENSO International Asia Pte. Ltd. (DIAS), DENSO's Singapore-based regional headquarters for the Asia and Oceania region, and DENSO International Singapore Pte. Ltd. (DISP), DENSO's Singapore-based subsidiary that is responsible for sales of aftermarket products in the Asia and Oceania and Middle East regions.
The consolidated company, DIAS, will oversee operations, including finance and distribution for DENSO group companies in Asia and Oceania, and aftermarket sales operations in the Asia and Oceania and Middle East regions.
Also from April 1, DENSO International Asia Co., Ltd. (DIAT), established in Thailand in February 2007 with 100 percent ownership by DIAS, will oversee and provide support in areas including accounting, procurement, human resources, and production for DENSO group companies in Asia and Oceania, and conduct research and development activities.
"We aim to enhance the efficiency of our business operations and strengthen our competitiveness under the new business organization," said Yoshikazu Makino, president of DIAS and DENSO managing officer.
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global supplier of advanced technology, systems and components. Worldwide, the company employs approximately 112,000 people in 32 countries and regions, including Japan.
Consolidated global sales for the fiscal year ended March 31, 2007 totaled US$30.6 billion. DENSO common stock is traded on the Tokyo, Osaka and Nagoya stock exchanges in Japan. For more information, go to www.denso.com,
or visit our media website at www.densomediacenter.com
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Company Profile of DENSO International Asia Pte. Ltd. (DIAS) (after consolidation)
| 1.Name | :DENSO International Asia Pte. Ltd. |
|---|---|
| 2.Establishment | :December 1998 |
| 3.Location | :Science ParkII, Singapore |
| 4.Capital | :S$302 million (approximately US$217 million*) |
| 5.Ownership | :100 percent owned by DENSO Corporation |
| 6.President | :Yoshikazu Makino |
| 7.Business Description | :Overseeing of operations including finance and distribution for DENSO group companies in Asia and Oceania, and aftermarket sales operations in the Asia and Oceania and Middle East regions |
| 8.Employees | :77 (30 employees before consolidation) |
Company Profile of DENSO International Singapore Pte. Ltd. (DISP)
| 1.Name | :DENSO International Singapore Pte. Ltd. |
|---|---|
| 2.Establishment | :May 1995 |
| 3.Location | :Science ParkII, Singapore |
| 4.Capital | :S$5 million (approximately US$3.6 million*) |
| 5.Ownership | :100 percent owned by DENSO International Asia Pte. Ltd. (DIAS) |
| 6.President | :Yoshikazu Makino |
| 7.Business Description | :Overseeing of aftermarket sales operations in the Asia and Oceania and Middle East regions |
| 8.Employees | :47 |
Company Profile of DENSO International Asia Co., Ltd. (DIAT)
| 1.Name | :DENSO International Asia Co., Ltd. |
|---|---|
| 2.Establishment | :February 2007 |
| 3.Location | :Samutprakarn, Thailand (suburbs of Bangkok) |
| 4.Capital | :Approximately 700 million baht (approximately US$21 million*) |
| 5.Ownership | :100 percent owned by DENSO International Asia Pte. Ltd (DIAS) |
| 6.President | :Yoshikazu Makino |
| 7.Business Description | :Overseeing and support of operations, including accounting, procurement, human resources, and production for DENSO group companies in Asia and Oceania, and research and development activities |
| 8.Employees | :221 (projected for April 2008) |
* Exchange rates used are 0.72 U.S. dollar per one Singapore dollar and 0.03 U.S. dollar per one baht, at the end of February 2008 for convenience only.