DENSO to Close Manufacturing Facility in Poland

Will shift operations from DENSO Manufacturing Polska to DENSO Manufacturing Italia

TOKYO, Sept. 24 -- DENSO Corporation today announced that it will shift operations from its DENSO Manufacturing Polska Sp.z.o.o (DMPO), Sosnowiec, Poland, facility to DENSO Manufacturing Italia S.p.A. (DMIT), in San Salvo, Italy. Operations at DMPO will close by the end of March 2005.

Magneti Marelli Poland (MMP), owner of the buildings leased by DMPO and group company of Magneti Marelli, has decided to discontinue its lease with DENSO so that Magneti Marelli can expand their own Poland operations.

"We understand that MMP needed to take this action, because they are expanding their business activities," said Kazuo Matsumoto, executive vice president in charge of Electric Systems Business Group, DENSO Corporation. "We will streamline our own operations by consolidating DMPO's production activities into our manufacturing facility in Italy, DMIT."

DMPO, established in 1998, is 100 percent owned by DMIT. DMPO produces automotive motors including starters and wiper motors.

In Europe, DENSO employs 12,000 people at 32 companies, with consolidated sales for fiscal year ending March 31, 2004 totaling US$3.2 billion.

DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a global supplier of advanced technology, systems and components. Its customers include all the world's major carmakers. Worldwide, the company employs 95,000 people in 31 countries and regions, including Japan. Consolidated global sales for the fiscal year ended March 31, 2004 totaled US$24.2 billion. DENSO common stock is traded on the Tokyo, Osaka and Nagoya stock exchanges. For more information, go to http://www.globaldenso.com/ or, for North American information, http://www.densocorp-na.com/ .

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