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Article: DENSO to Establish New Company To Produce Car Air Conditioning Hoses and Pipes in Japan.
- Article from:
- JCN Newswires
- Article date:
- February 25, 2009
CopyrightCOPYRIGHT 2009 Japan Corporate News Network K.K. 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, Feb 25, 2009 - (JCN Newswire) - In an effort to realize a more comprehensive air conditioning (A/C) business operation, DENSO Corporation will consolidate DENSO Airs Corporation, a group company that produces car A/C pipes, and GAC Corporation's A/C hose business in July 2009.
The new company DENSO Air Systems Corporation (tentative name), located in Aichi, Japan, will have a capital of 490.8 million yen (approximately US$5.5 million*) and is expected to have annual sales of approximately 28 billion yen (approximately US$312.7 million*) in the fiscal year ending March 2013.
"Refrigerant hoses and pipes for car air conditioners have much in ...