DENSO to Expand Air Conditioner Production Capability in Turkey
- Current manufacturing facility will move to new larger site -
TOKYO, April 5 -- DENSO Corporation announced today that its manufacturing company in Istanbul, Turkey -- DENSO Otomotiv Parcalari Sanayi Anonim Sirket (DNTR) -- will expand its air conditioner production capability by building a new facility in Gebze Country, Turkey, about 30 kilometers southwest of its current location. Once construction is completed, DNTR will transfer its operations to the new facility.
Construction of the new facility is set to begin in July and be completed by June 2007. Production is scheduled to start in August 2007. The total investment by 2007 will be approximately 18 million euro.
"Because of sales growth in Turkey, we decided we needed to enhance our capability to produce air conditioners," said Hikaru Sugi, managing officer in charge of DENSO's Thermal Systems Business Group.
By 2010, with the new facility, DNTR will increase the annual production capability of air conditioning units from its current approximately 140,000 to approximately 250,000, and the number of employees from nearly 120 to approximately 220.
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 104,000 people in 31 countries and regions, including Japan. Consolidated global sales for the fiscal year ended March 31, 2005 totaled US$26.2 billion. DENSO common stock is traded on the Tokyo, Osaka and Nagoya stock exchanges. For more information, go to http://www.globaldenso.com/ or visit our media website at http://www.densomediacenter.com/ .
Company Profile Name: DENSO Otomotiv Parcalari Sanayi Anonim Sirket Established: July 2002 Current Location: Istanbul, Turkey (about 30 kilometers from the city center) New Location: Gebze Country, Kocaeli Province of TOSB-TAYSAD Organize Sanayi Bolgesi, Turkey (30 kilometers southwest of the current location) Capital: 14 million YTL (approximately 9 million euro*) Ownership: 100 percent-owned by DENSO Corporation President: Shinji Kondo Business lines: Manufacturing of car air conditioners and other thermal system-related products Sales of starters and alternators Floor area (before transfer): 13,800 square meters (148,500 square feet) (including warehouses) Floor area (after transfer): 17,100 square meters (184,100 square feet) Employees: Approximately 120 (as of March 2006) Approximately 220 (projected for fiscal 2010) * Exchange rates used are 0.62 euro per 1 YTL as of March 20, 2006.