DENSO to Expand its Plant in Athens, Tennessee
Kariya(Japan) - Global automotive supplier DENSO is expanding DENSO Manufacturing Athens Tennessee for the production of gasoline direct injection products . The investment will be $85 million and the expansion area will be 20,800 square meter. The production is planned to start in July 2016. This expansion will result in about 400 new jobs.
Company Profile
| 1. Name | DENSO Manufacturing Athens Tennessee, INC. |
|---|---|
| 2. Location | Athens, Tennessee, |
| 3. President | Youichi Yamashita |
| 4. Established | 2003 |
| 5. Capital | US$100 million (approximately 12 billion yen) |
| 6. Ownership | 100 percent by DENSO Corporation |
| 7. Investment | $85 million (approximately 10 billion yen) |
| 8. Site area | 46,000 square meter |
| 9. Employees | 1,450 |
| 10. Products | Injectors (including direct injection), oxygen sensors, stick coils, spark plugs, monolith |
- * Exchange rate used is 120 yen to the US one dollar, at the end of December 2014 for convenience only.
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, 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 and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9 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/global/en/, or visit our media website at www.densomediacenter.com .
