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Article: DENSO to Establish New Company in Fukushima Prefecture, Japan to Manufacture Car Air Conditioning Systems.
- Article from:
- PR Newswire
- Article date:
- March 19, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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KARIYA, Japan, March 19 /PRNewswire/ -- DENSO Corporation announced today that it will establish a new company in Tamura-shi, Fukushima Prefecture, Japan in April, to manufacture car air conditioning systems. The new company -- DENSO East Japan Corporation -- will have an initial capital investment of 2.6 billion yen (approximately US$25 million). Start of operations is scheduled for January 2010. DENSO expects investment in the new company to total 16 billion yen (approximately US$153 million) by fiscal year 2015, and projects sales of approximately 30 billion yen (approximately US$286 million) in fiscal year 2015.
"To meet increasing vehicle production by ...