Authorities Approve DENSO - Bosch Diesel Particulate Filter Joint Venture
Stuttgart/Kariya (Japan) – In June 2007, DENSO Corporation and Robert Bosch GmbH have established a fifty-fifty joint venture to develop and manufacture diesel particulate filters in Wroclaw, Poland, based on the agreement announced in October 2006. All relevant authorities have given their approval for the plan. The new joint venture will be named “Advanced Diesel Particulate Filters Sp.zo.o.” (ADIF). The objective is to jointly manufacture highly efficient and cost-effective diesel particulate filters using Cordierite ceramics from 2009. Each company will then market the filters independently.
In the first stage, a branch office for the joint venture will be established in Kariya, Japan, to proceed with filter development and production preparation. The joint venture having an initial equity of 8 million EUR will start the planning of an engineering and manufacturing location in Wroclaw, Poland. The joint venture will be led by two directors, Masakazu Tanaka from DENSO and Teruo Komori from Bosch.
Company Profile for Joint Venture
* Calculated at the exchange rates of 1 EUR to PLN 3.8683.
- Name: Advanced Diesel Particulate Filters Sp.zo.o.
- Date of Establishment: June 2007
- Location: Wroclaw, Republic of Poland
(Branch office to be established in Kariya, Aichi, Japan)
- Capital: PLN 31 million (Eight million EUR)*
- Ownership: 50 percent DENSO Corporation
50 percent Robert Bosch GmbH
- President: Masakazu Tanaka (currently senior manager of DPF Project Center, Engine Control Components Product Division, DENSO Corporation)
- Business Description: Development and production of cordierite ceramic DPF
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global supplier of advanced technology, systems and components. Worldwide, the company employs approximately 112,000 people in 32 countries and regions, including Japan. Consolidated global sales for the fiscal year ended March 31, 2007 totaled US$30.6 billion. DENSO common stock is traded on the Tokyo, Osaka and Nagoya stock exchanges in Japan. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.
The Bosch Group is a leading global supplier of technology and services. In the areas of automotive and industrial technology, consumer goods, and building technology, some 260,000 associates generated sales of 43.7 billion euros in fiscal 2006. The Bosch Group comprises Robert Bosch GmbH and its roughly 300 subsidiary and regional companies in over 50 countries. This worldwide development, manufacturing, and sales network is the foundation for further growth. Bosch spends more than three billion euros each year for research and development, and in 2006 applied for over 3,000 patents worldwide. The company was set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as “Workshop for Precision Mechanics and Electrical Engineering.”