DENSO to Establish New Company in Morocco to Produce Car Air Conditioning Systems
KARIYA (Japan) ―DENSO Corporation will establish a new company in Tangier, Northern Morocco, Africa, on April 1, to produce car air conditioning systems. The construction of its plant is scheduled to be completed in April 2011. The new company, DENSO Thermal Systems Morocco S.A.R.L., will start operations in December of the same year. The company is capitalized at 2.5 million euro and will invest up to 11.4 million euro until fiscal year 2011. DENSO Thermal Systems Morocco is expected to reach sales of 12 million euro in fiscal year 2013.
The new company is the second production base for DENSO in Africa and will offer car air conditioning systems to plants of automakers in the country.
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global supplier of advanced technology, systems and components. Its customers include all the world’s major carmakers. Worldwide, the company employs approximately 120,000 people in 33 countries and regions, including Japan. Consolidated global sales for the fiscal year ended March 31, 2009 totaled 24.2 billion euro. 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.