Tokyo - DENSO Corporation today announced details of a new investment in a new sales and manufacturing company in Istanbul, Turkey.
Sales of starters and alternator products will begin in January 2003 and production of thermal products will begin in February 2004.
Established in July 2002, the new company - DENSO Automotive Parts Industry Inc. - began with an initial capital investment of approximately 900 million yen (8.3 million euro).
Eighty employees and sales of approximately 5 billion yen (45 million euros) are projected for fiscal year 2005.
"Construction of DENSO's first Turkey facility enable us to further meet the needs of our customer's in Europe." said Satoshi Watanabe, DENSO managing director in charge of Thermal Systems.
Watanabe continued, "We anticipate rapid rise in car air-conditioning installation in Europe from today's 50 percent to 65 percent by 2005."
Currently, DENSO operates four European production plants for car air conditioning products
- DENSO Manufacturing UK Ltd., Shropshire, United Kingdom (product lines: air conditioners and heaters; 100 percent DENSO's ownership; 1,387 employees),
- TD Deutsche Klimakompressor GmbH, Strassgraebchen, Germany (product lines: compressors; 35 percent DENSO's ownership; 139 employees),
- DENSO Thermal Systems S.p.A., Torino, Italy (product lines: air conditioners, heaters, and radiators; 100 percent DENSO's ownership; 2,378 employees);
- DENSO Manufacturing Czech s.r.o., Liberec City, Czech Republic, (product lines:car air conditioning products; 100 percent DENSO's ownership, 120 employees).
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global supplier of advanced technology, systems and components. Worldwide, the company employs 87,000 employees in 31 countries and regions,
including Japan. Consolidated global sales for the year ended March 31, 2002 totaled US$18.1 billion.
Company Profile
| Name |
: |
DENSO AUTOMOTIVE PARTS INDUSTRY INC.
DENSO OTOMOTIV PARCALARI SANAYI ANONIM SIRKET (Turkish name) |
| Established |
: |
July 11, 2002 |
| Location |
: |
Istanbul, Turkey (about 30 kilometers from they city-center) |
| Capital |
: |
900 million yen (8.3 million euro) |
| Ownership |
: |
100 percent-owned by DENSO Corporation |
| Investment |
: |
300 million yen (2.7 million euro) |
| President |
: |
Takaaki Saito (Managing Director of DENSO SALES BELGIUM N.V.) |
| Product lines |
: |
(Manufacturing) Automotive air conditioners and heaters related products
(Sales) Starters and alternators |
| Sales |
: |
5 billion yen (45 million euro) projected for fiscal 2005 |
| Employees |
: |
80 projected for fiscal 2005 |
| Site area |
: |
6,000 square-meters |
| Building area |
: |
3,200 square-meters |
