DENSO Purchases All Shares of Shimizu Industry UK
KARIYA (Japan) ―DENSO Manufacturing UK Ltd., a DENSO subsidiary that manufactures car air conditioners and heaters, has purchased Shimizu Industry UK Ltd., which manufactures plastic products for car air conditioners and radiators, with effect from 31st January 2013.
As a result of this purchase, Shimizu’s Welshpool operations has become part of DENSO Manufacturing UK.
About DENSO Manufacturing UK
DENSO Manufacturing UK Limited is located in Telford, Shropshire United Kingdom. It is a wholly owned subsidiary of DENSO International UK Ltd and part of the DENSO Group.
About Shimizu Industry UK
Shimizu Industry UK Limited is a UK-based injection moulding company operating from its premises in Welshpool, Powys, Wales. Shimizu Industry UK Limited was previously a wholly-owned subsidiary of Shimizu Industry Company Limited in Japan. Shimizu Industry Company is itself a member of the DENSO Group and produces plastic components and metal molds for car air-conditioning systems and supplies its products mainly to DENSO group companies worldwide.
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, electric, 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 over 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.