KARIYA (Japan) — DENSO Corporation today announced that it will build an evaluation facility to strengthen its development of power electronics products, such as inverters used in hybrid vehicles worldwide, on the site of its Anjo Plant in Anjo, Aichi, Japan. With an investment of 11.5 billion yen (approx. US$126 million*), construction of the facility is scheduled to begin on March 1, 2013, and be completed by late November. The facility will begin operations in April 2014.
“At our new facility, we will evaluate the performance of our power electronics products as well as conduct research and development of next-generation products,” said Masahiko Miyaki, senior executive director responsible for DENSO’s Powertrain Control Systems Business Group. “The new facility will allow us to evaluate product performance more accurately, and by sharing the evaluation results with the R&D group, we can increase our development efficiency – and create more competitive products.”
Profile of new facility
1. Total floor area: 23,320 m2
2. Investment: 11.5 billion yen (approx. US$126 million)
3. Start of operation: April 2014
4. Business description: Developing and evaluating power electronics products
Profile of Anjo Plant
1. Start of operation: August 1967
2. Site area: Approx. 554,000 m2
3. Building floor area: Approx. 232,000 m2
4. Employees: 2,768
5. Product lines: Starters, alternators, and products for electric and hybrid vehicles
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 35 countries and regions (including Japan) and employs approximately 120,000 people. Consolidated global sales for the fiscal year ending March 31, 2012, totaled US$38.4 billion. Last fiscal year, DENSO spent 9.5 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.globaldenso.com, or visit our media website at www.densomediacenter.com
Currently, in North America, DENSO employs more than 14,000 people at 28 consolidated companies and affiliates. Of these, 26 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 10,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, and Arkansas. DENSO’s North American consolidated sales totaling US$6.2 billion for the fiscal year ending March 31, 2012.
*Exchange rate used is 91.14 yen to the US one dollar at the end of January 2013 for convenience only.