DENSO Celebrates Opening of Manufacturing Company in Vietnam

Tokyo, Japan, Mar. 10, 2004 - (JCN Newswire) - DENSO Corporation
held an official opening ceremony today, March 10, at 10 a.m.
local time (12 p.m. Japan time) at its Vietnamese manufacturing
subsidiary, DENSO MANUFACTURING VIETNAM CO., LTD (DMVN).

Nearly 120 people attended the ceremony including MPI Department of
Management of Industrial and export-processing zone General Director Mr.
Le Van Hoc and other representatives from the Vietnamese government and
Hanoi City, as well as the Japanese Ambassador to Vietnam, Norio
Hattori. DENSO President and CEO Koichi Fukaya presided over the
ceremony.

DMVN was established in October 2001 and has been manufacturing TGV
actuators since August 2003 and air flow meters since December of the
same year. The company will add EGR valves and other components to the
product lineup in April 2004.

DMVN also opened its Design Center for engineering services in July
2003. Sixteen engineers currently work at the Design Center, designing
components for Japan as well as application design and simulation. DMVN
plans to strengthen its engineering and design business in the future.

"The ASEAN automotive market is one of the growth markets for the
automotive industry, and we expect DMVN to continue to grow and supply
competitive products worldwide," said Yasuo Seki, president, DMVN. 
"In fact, we anticipate that by 2005, the number of employees will be
approximately 460 and our sales will reach US$45 million (5 billion
yen). "

Company Profile


1. Name: DENSO MANUFACTURING VIETNAM CO., LTD
2. Establishment: October 4, 2001 
3. Location: Plot E-1, Thang Long Industrial Park, Dong Anh Dist.,
Hanoi, Vietnam
           (about 15 kilometers from the city center of Hanoi)
4. Capital: US$10 million (about 1.1 billion yen)
5. Ownership: 95 percent ownership by DENSO INTERNATIONAL ASIA PTE. LTD.
              5 percent ownership by Sumitomo Corporation
6. President: Yasuo Seki 
7. Business fields: Development and sales of air flow meters, TGV
actuators, and 
other engine related components
Design Center Business (engineering services, such as 3D CAD and CAE
analysis)
8. Factory size: About 56,000 square meters of land area, and about
7,000 square meters of building area 
9. Total investment: About US$15 million(about 1.6 billion yen)
10.Employees: 350(projected for the end of March 2004)