DENSO to Expand and Relocate Technical Center in China
KARIYA (Japan) ― To expand its business in the growing Chinese market, DENSO Corporation will expand and relocate its technical center, which is located in Shanghai and serves as part of DENSO’s regional headquarters in China. DENSO’s technical center will employ more than twice as many people as it does now, with about 7.2 billion yen to be invested by the end of fiscal year ending March 2014. The technical center is scheduled to start operations at its new site in June 2013.
“With this expansion, we aim to improve customer service and product competitiveness by designing more products locally and offering more market-specific designs,” said Yasushi Yamanaka, executive director in charge of DENSO’s Engineering Research and Development Center.
As part of this relocation and expansion, the new technical center will add large test facilities including a wind tunnel to upgrade its product design and development capabilities.
Since establishing its first Chinese production company in Yantai, Shandong, DENSO has increased the number of companies in the country to meet the growing market needs. Currently, DENSO has 22 production companies in China producing a variety of products including automotive air-conditioning systems, engine control components, fuel injection components, alternators, starters, and car navigation systems. In addition to the Shanghai Technical Center, DENSO has another development base, DENSO Software Shanghai Co., Ltd., in Shanghai which develops software for mass-produced products, mainly for car navigation systems.
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 approximately 120,000 people. Consolidated global sales for the fiscal year ending March 31, 2011, totaled US$37.7 billion. Last fiscal year, DENSO spent 9.3 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.
Profile of Shanghai Technical Center (after its relocation)
|1.||Name:||Shanghai Technical Center|
|2.||Location:||Xinzhuang Industrial Park, Minhang District, Shanghai, China (about 20 km south of Shanghai Hongqiao International Airport)|
|4.||Start of operations:||June 2013 (planned)|
|5.||Additional investment:||Approx. 7.2 billion yen (cumulative to fiscal year ending March 2014)|
|6.||Site area:||Approx. 27,000 m2|
|7.||Total floor area:||Approx. 27,000 m2|
|8.||Total employees:||Approx. 500 (planned, by fiscal year ending March 2016)|