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DENSO to establish production company in Cambodia
4-traders.com, 24 Jan '13
As part of its efforts to enhance the production and supply framework in the ASEAN region, DENSO will establish a company in Cambodia. The new company, DENSO Cambodia, which is scheduled to open in July 2013, will produce sensor components for ignition magnetos. The new company plans to gradually produce other products for the region. "To support the increasing production of motorcycles and automobiles in the ASEAN region, we've decided to establish a production company in Cambodia. This will enhance our production needs for customers in the regions," said Sojiro Tsuchiya, DENSO Corporation's Executive Vice President responsible for the Asia and Oceania region. "DENSO remains committed to expanding its production and supply framework in line with market trends in various regions of the world, as well as to offer products that meet the expectations of customers and automobile users. DENSO is also committed to create jobs and facilitate economic development in respective regions through its operations," said Sojiro. 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 31st, 2012, totaled US$ 38.4 billion. Last fiscal year, DENSO spent 9.5% of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. In Asia and Oceania, DENSO employs more than 31,000 people with consolidated sales totaling US$ 7.6 billion for the fiscal year ending March 31st, 2012. In the ASEAN region, DENSO has operations in Singapore, Thailand, Indonesia, Malaysia, Philippines and Vietnam.
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