News

DENSO Acquires 34 Percent Stake of Hefei Dyne Auto Air Conditioner, a Chinese Aftermarket Compressor Manufacturer

Press Releases

KARIYA (Japan) – DENSO Corporation has acquired 34 percent stake of Hefei Dyne Auto Air Conditioner Co., Ltd., a compressor manufacturer in China, to help grow automotive aftermarket compressor business globally. DENSO completed the transaction on June 24, 2014.

Hefei Dyne manufactures a wide variety of high quality and cost-competitive aftermarket compressors sold in North America, Europe, Central and South America and Asia. With the acquisition, DENSO’s aftermarket compressors will be manufactured by Hefei Dyne and sold through DENSO’s global aftermarket business network. In addition, DENSO will provide engineering support to Hefei Dyne to promote the quality of compressors.

DENSO supplies car air-conditioners, including compressors, to carmakers worldwide. With this new investment, the company now expands the product lineup of aftermarket compressors and enhances aftermarket automotive air-conditioner business.

About DENSO Corporation:
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, 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 38 countries and regions (including Japan) and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 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.

About DENSO in North America:
DENSO employs more than 17,000 people at 33 consolidated companies and affiliates throughout North America. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas, and Pennsylvania. DENSO’s North American consolidated sales totaled US$7.9 billion for the fiscal year ending March 31, 2014.

Profile of Hefei Dyne Air Auto Conditioner Co., Ltd.

Name Hefei Dyne Auto Air Conditioner Co., Ltd.
Location Hefei City, Anhui Province,,China
President Xie Wenliang
Ownership (Before equity acquisition by DENSO),
100% by Hefei Dyne Investment Co., Ltd.,
(After equity acquisition by DENSO),
66% by Hefei Dyne Investment Co., Ltd.,
34% by DENSO (China) Investment Co., Ltd.
Establishment January 2002
Capital 30 million yuan (approximately US$4.9 million)
Sales 160 million yuan (approximately US$25.9 million)
Employees 314 (as of December 2013)
Business Description Manufacturing and selling aftermarket compressors,
etc.

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DENSO Fined by the Canadian Court for Violation of the Canadian Competition Act

Press Releases

KARIYA (Japan) – On August 20, 2014 (Canada Eastern Standard Time), DENSO Corporation was ordered to pay a fine of CA$2.45 million (approximately 0.2 billion yen) by the Ontario Superior Court of Justice for violation of the Canadian Competition Act in connection with sales in Canada of certain body electronic control units [body ECUs] for motor vehicles.

DENSO has been fully cooperating with the Canadian Competition Bureau’s investigation and also negotiated for the plea agreement. As a result, the plea agreement was concluded and the above fine was ordered.

The payment will be recorded as an extraordinary loss in the second quarter of the fiscal year ending March 31, 2015.

It is DENSO’s policy to comply with all applicable competition laws. DENSO group companies have taken various measures, including implementing more stringent compliance rules, more enhanced compliance training and more meticulous compliance monitoring, so as to further ensure that employees comply with all applicable competition laws.

DENSO is committed to compliance with all applicable competition laws around the world.

*Editors’ note: Body ECUs are in-vehicle computers that control the power supply to certain electrical components and systems, such as smart key systems, mirrors, lighting, and security systems.

About DENSO Corporation:
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, 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 38 countries and regions (including Japan) and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 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.

About DENSO in North America:
DENSO employs more than 17,000 people at 33 consolidated companies and affiliates throughout North America. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas, and Pennsylvania. DENSO’s North American consolidated sales totaled US$7.9 billion for the fiscal year ending March 31, 2014.

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China’s National Development and Reform Commission Imposes Monetary Sanctions for Violation of Anti-Monopoly Law

Press Releases

KARIYA (Japan) – The National Development and Reform Commission (the NDRC) of China announced today that it decided to impose monetary sanctions on certain automotive suppliers for violation of China’s Anti-Monopoly Law in connection with sales of certain automotive components.

The NDRC’s announcement includes monetary sanction of 150.56 million yuan (approximately 2.5 billion yen) on DENSO Corporation.

The NDRC investigation involved certain automotive suppliers, including DENSO Corporation, and the company has fully cooperated with the authority.

The payment will be recorded as an extraordinary loss in the second quarter of the fiscal year ending March 31, 2015. It will have no material effect on the company’s financial statements.

It is DENSO’s policy to comply with all applicable antimonopoly laws. DENSO group companies have taken various measures, including implementing more stringent compliance rules, more enhanced compliance training and more meticulous compliance monitoring, so as to further ensure that employees comply with all applicable antimonopoly laws. DENSO is committed to compliance with all applicable antimonopoly laws around the world.

About DENSO Corporation:
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, 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 38 countries and regions (including Japan) and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 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.

About DENSO in North America:
DENSO employs more than 17,000 people at 33 consolidated companies and affiliates throughout North America. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas, and Pennsylvania. DENSO’s North American consolidated sales totaled US$7.9 billion for the fiscal year ending March 31, 2014.

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DENSO Announces First-quarter Financial Results

Press Releases

KARIYA (Japan) – DENSO Corporation today announced its global financial results for the first quarter ending June 30, 2014:
  • Consolidated net sales totaled 1,029.1 billion yen (US$10.2 billion), a 3.2 percent increase from the previous year.
  • Consolidated operating income totaled 85.1 billion yen (US$839.1 million), a 16.7 percent decrease from the previous year.
  • Consolidated net income totaled 68.8 billion yen (US$678.7 million), a 20.1 percent decrease from the previous year.

”The sales increased due to the production volume increase. Despite the variable cost reduction and the increase in production volume, the operating income decreased due to research and development expenditures and investment costs that will strengthen future growth,” said Kenichiro Ito, executive director of DENSO Corporation.

In Japan, the shift towards compact cars, as well as the decrease of export sales led to a decrease in sales to 634.3 billion yen (US$6.3 billion), a 3.0 percent decrease from the previous year. The decrease in production volume and the increase in labor costs and other expenses led to an operating income of 55.2 billion yen (US$544.8 million), a 26.6 percent decrease from the previous year.

In North America, an increase in car production, boosted by the steady economic growth, led to an increase in sales to 224.5 billion yen (US$2.2 billion), an 8.3 percent increase from the previous year. As a result of the increase in production volume and the cost reduction effort, the operating income totaled 7.5 billion yen (US$73.9 million), a 19.8 percent increase from the previous year.

In Europe, car production increase due to the economic slump recovery led to an increase in sales to 138.1 billion yen (US$1.4 billion), a 17.1 percent increase from the previous year. Due to the increase in production volume and the cost reduction effort, the operating income totaled 4.0 billion yen (US$39.3 million), a 130.5 percent increase from the previous year.

In Asia and Oceania, the increase of car production mainly in China resulted in a sales increase to 244.8 billion yen (US$2.4 billion), a 5.8 percent increase from the previous year. The increase in labor costs and the expenditure on the establishment of plants and technical centers for strengthening future growth led to an operating income of 17.2 billion yen (US$169.8 million), a 19.4 percent decrease from the previous year.

In other areas, mainly the South American region, including Brazil and Argentina, sales totaled 18.4 billion yen (US$181.3 million), a 13.1 percent decrease from the previous year. The operating loss totaled 0.2 billion yen (US$2.0 million), a 121.4 percent decrease from the previous year.

*The forecasts for the first-half and full-year financial results are unchanged, since the financial results of this first-quarter were as planned in the original forecast.

(Foreign exchange rates used for the first-half and full-year financial result forecasts are: US$= 100 yen, Euro=135 yen)

Forecast for Fiscal Year Ending March 31, 2015

First-Half Forecast Full-Year Forecast Changes from
Previous FY
Net Sales 2,022.0 billion yen
[US$19.9 billion]
4,140.0 billion yen
[US$40.8 billion]
+44.1 billion yen
(+1.1 percent)
Operating Income 164.0 billion yen
[US$1.6 billion]
350.0 billion yen
[US$3.5 billion]
-27.7 billion yen
(-7.3 percent)
Income before
income taxes and
minority interests
177.0 billion yen
[US$1.7 billion]
378.0 billion yen
[US$3.7 billion]
-40.6 billion yen
(-9.7 percent)
Net Income 116.0 billion yen
[US$1.1 billion]
248.0 billion yen
[US$2.4 billion]
-39.4 billion yen
(-13.7 percent)

 

About DENSO Corporation:
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, 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 38 countries and regions (including Japan) and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 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.

About DENSO in North America:
DENSO employs more than 17,000 people at 33 consolidated companies and affiliates throughout North America. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas, and Pennsylvania. DENSO’s North American consolidated sales totaled US$7.9 billion for the fiscal year ending March 31, 2014.

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(Notes)
The above forecasts are created based on the information obtained by the date of this announcement and the actual results may differ due to various causes in the future.
U.S. dollar amounts have been translated, for convenience only, at the rate of 101.36 yen = US$1, the approximate exchange rate prevailing in the Tokyo Foreign Exchange Market on June 30, 2014. Billion is used in the American sense of one thousand million.

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DENSO Tests Advanced Driving Support Technology on a Public Road in Japan

Press Releases

KARIYA (Japan) – DENSO Corp. began testing advanced driving support technology on a public road in Aichi Prefecture, Japan this past June. DENSO is testing automated driving scenarios in a single lane and testing automatic lane changes, as well as other driving maneuvers. DENSO’s goal is to develop technologies that reduce driver workload and assist in safe driving.

Previously, DENSO tested this technology on its test course in Japan. DENSO’s goal with public road testing is to identify, analyze, and solve real-life problems that do not occur on the test course.

DENSO is conducting these field tests as part of the activities led by the Vehicle Safety Technology Project Team to reduce traffic accidents. The Project Team is organized by the Aichi Prefectural Government and involves companies and organizations operating in the prefecture.

DENSO has been developing its advanced driving assistance technology to achieve safer and more reliable driving while the driver remains in control of the vehicle. Development and commercialization of this technology will help prevent traffic accidents and contribute to increasing safety of our automotive society.

About DENSO Corporation:
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, 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 38 countries and regions (including Japan) and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 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.

About DENSO in North America:
DENSO employs more than 17,000 people at 33 consolidated companies and affiliates throughout North America. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas, and Pennsylvania. DENSO’s North American consolidated sales totaled US$7.9 billion for the fiscal year ending March 31, 2014.

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DENSO Signs a MOU with Thai ITS Association to Ease Traffic Congestion and Reduce CO2 Emissions

Press Releases

KARIYA (Japan) – DENSO Corporation and DENSO International Asia Co. Ltd. (DIAT), a DENSO group company in Thailand, has signed a Memorandum of Understanding (MOU) in February 2014, with Thai Intelligent Transport System (ITS). This collaboration launched in March 2014 and will continue until March 2015. Its goal is to ease traffic congestion through the use of Vehicle-to-Vehicle and Vehicle-to-Infrastructure (V2X) communications.

In large cities like Bangkok, the number of vehicles has increased dramatically, which has also resulted in an increase in traffic congestion and accidents. There have been growing expectations for the use of V2X communications among governments and car users to help alleviate traffic congestion and prevent accidents within Thailand.

DENSO Corporation, DIAT and Thai ITS will collaborate their research efforts to gather wireless data on urban streets, as well as evaluate and analyze information systems that are commercialized in Japan to determine its adaptability to the traffic conditions of Thailand. The results of the project will be used in formulating future ITS policies in Thailand.

DENSO began developing wireless communication devices in 2003, which are the main components of V2X communications. Performance of V2X has been tested using vehicles on simulated urban streets. DENSO has supplied in-vehicle units, which represent the development results of joint demonstration experiments, by automakers and governmental organizations in Japan, the U.S. and Europe. DENSO remains committed to introducing V2X communications, helping to reduce CO2 emissions, reducing traffic congestion and minimizing traffic accidents.

About DENSO:
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, 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 38 countries and regions (including Japan) and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 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.

About DENSO in North America:
DENSO employs more than 17,000 people at 33 consolidated companies and affiliates throughout North America. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Alabama, Arkansas, and Pennsylvania. DENSO’s North American consolidated sales totaled US$7.9 billion for the fiscal year ending March 31, 2014.

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DENSO To Build On-site Health Clinic for Employees and Families

Press Releases

MARYVILLE, Tenn. – As a 25th anniversary gift to its employees and family members and to confirm a commitment to their health and well-being, DENSO Manufacturing Tennessee, Inc. will build an on-site healthcare clinic and pharmacy opening in April 2015. Construction begins in August on an 8,000 square-foot facility that will offer convenience, more affordability for both associates and the company and more one-on-one time between patient and medical professionals. The company purchased land on Robert C. Jackson Drive adjacent to its on-campus softball field for the new clinic complex.

“I want to express to our employees and their families our gratitude for their hard work and support in so many ways,” said Jack Helmboldt, president and CEO of DENSO’s Maryville facilities, as well as executive director of DENSO Corporation.

“We wanted to bring them an easy-access alternative for quality healthcare and prescription medicines,” explained Helmboldt. “Next year’s 25th anniversary is the perfect time to reaffirm our commitment to those who helped us reach this anniversary.”

Take Care Health Systems, a nationwide vendor providing healthcare services to many corporations — among them Toyota, Michelin, and BMW — will operate and staff the on-site clinic, which will offer such health services as urgent care “walk-in” treatment, medical exams and immunizations, and a full-service pharmacy. Initial staff will include a physician, nurse practitioner, and nursing staff in addition to a pharmacist and pharmacy technician.

The clinic and pharmacy will be called the DENSO Family Health Center. After the center’s grand opening, employees and eligible family members can expect both weekday appointments and walk-in availability. Key benefits include the following:
– Health and wellness screenings
– Medical exams and lab work
– Chronic condition management, especially helpful for those with diabetes, hypertension, or other common health issues
– Acute care
– Drive-through pharmacy

Blount Memorial Hospital’s nursing staff will continue to be available in each of DENSO’s four manufacturing plants at designated nurses’ stations. DENSO Manufacturing Tennessee will become the first DENSO affiliate in North America to offer a combined health clinic and full-service pharmacy as an alternative choice for healthcare needs.

A leading supplier of advanced technology to the automotive industry, DENSO is one of Blount County’s largest employers. Established in 1988, DENSO’s Maryville operation produces starters, alternators, instrument clusters, a wide range of electronic components and an inverter for hybrid vehicles.

About DENSO:
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, 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 38 countries and regions (including Japan) and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 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.

About DENSO in North America:
DENSO employs more than 17,000 people at 33 consolidated companies and affiliates throughout North America. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Alabama, Arkansas, and Pennsylvania. DENSO’s North American consolidated sales totaled US$7.9 billion for the fiscal year ending March 31, 2014.

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DENSO Expands Presence in Mexico

Press Releases

SOUTHFIELD, Mich. – DENSO Corp., today announced that DENSO MEXICO S.A. DE C.V. (DNMX) will expand its plant in Apodaca, Nuevo Leon, Mexico, to increase production of transmission components for its North American customers. The expansion represents an investment of $53.8 million, which will add 88,260 square feet (8,200 square meters) of space and 500 jobs by 2018. The plant will begin production in December 2015.

In addition, HAMANAKODENSO Co., Ltd., a DENSO Group Company, established a new facility in Salinas Victoria City, Nuevo Leon, Mexico, to produce solenoids for engine and airflow control units for its North and South American customers. The new facility, HAMADEN MEXICO S.A. DE C.V. (HDMX), represents an investment of $35.8 million and will employ about 340 people when full production is underway in 2018. Construction is scheduled to begin in January, with production starting up in stages from around August 2016. HDMX is the third overseas establishment of HAMANAKODENSO, which also has facilities in Indonesia and Vietnam.

This investment is part of DENSO’s expansion plan to invest nearly $1 billion in North America – more than $750 million in the United States – to strengthen and expand its product development and manufacturing capabilities across the region.

DENSO opened its Apodaca Plant in 1996, which manufactures instrument clusters, air conditioning control panels and variable cam timing (VCT) systems. In addition to the Apodaca Plant, DNMX also has plants in Guadalupe City, Nuevo Leon, Mexico and Silao City, Guanajuato, Mexico that manufacture sensors, car air conditioners and radiators.

Profile of DENSO MEXICO S.A. DE C.V.

1. Location: 1) Apodaca Plant: Apodaca City, Nuevo León State, Mexico
2) Guadalupe Plant: Guadalupe City, Nuevo León State, Mexico
3) Silao Plant: Silao City, Guanajuato State, Mexico
2. President: Tomoyuki Arakawa
3. Establishment: September 27, 1994
4. Ownership: 95 percent owned by DENSO INTERNATIONAL AMERICA, INC.,
5 percent by Sumitomo Corporation
5. Employees: 4,985 (as of end of March 2014)

 

Outline of Apodaca Plant expansion

1. Site area: 176,700 m2
2. Building area: 8,200 m2   (expanded area)
58,700 m2 (total area)
3. Investment: US$53.8 million (approximately 5.38 billion yen)
4. Employees: 4,300 (projected for FY2018), 3,762 as of end of March 2014

 

Profile of HAMADEN MEXICO S.A. DE C.V.

1. Location: Salinas Victoria City, Nuevo León State, Mexico
2. Representative: Junichi Nakahira
3. Establishment: April 1, 2014
4. Ownership: 100% owned by HAMANAKODENSO
5. Investment: US$35.8 million (approximately 3.58 billion yen)
6. Products: Solenoid for engine control and air flow control, valves
7. Employees: 340 (projected for FY2018)
8. Site area: 80,000 m2

 

Profile of HAMANAKODENSO Co., Ltd.

1. Location: 136, Washizu, Kosai City, Shizuoka Prefecture, Japan
2. President: Masayoshi Yagyu
3. Establishment July 25, 1950
3. Capital: 480 million yen (DENSO: 76.6%, others: 23.4%)
4. Sales: 53.4 billion yen (in FY2013)
5. Employees: 1,751 (as of end of March 2014)
6. Products: Coils, horns, sensors, valves

 

About DENSO Corporation:
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, 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 38 countries and regions (including Japan) and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 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.

About DENSO in North America:
DENSO employs more than 17,000 people at 33 consolidated companies and affiliates throughout North America. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas, and Pennsylvania. DENSO’s North American consolidated sales totaled US$7.9 billion for the fiscal year ending March 31, 2014.

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DENSO Foundation Announces 2014 Grants to Drive Innovation in Auto Industry

Press Releases

SOUTHFIELD, Mich. – How can we prepare today’s students to be tomorrow’s automotive engineers? Let them get their hands on advanced technology, 3D printers, dynamometers, simulators – all the tools that make the auto industry fun.

“The DENSO Foundation is all about engaging and inspiring students to pursue technology and engineering fields,” said Doug Patton, president of the DENSO North America Foundation. “Our mission is to bridge that gap between what students learn in school and the ‘real’ world.”

Since its inception in 2001, the DENSO North America Foundation (DNAF), philanthropic arm of global auto parts supplier DENSO’s North American headquarters, DENSO International America, Inc. (DIAM), has been dedicated to advancing the auto industry through grants to colleges and universities. The Foundation provides students with technology, tools and experiences similar to that of the professional workplace they’ll experience after graduation.

“Without getting your hands dirty and getting involved, you won’t know how things work,” said David E. Cole, member of the DNAF Board of Directors and chairman emeritus and founder of the Center for Automotive Research. “And, that’s exactly what the DENSO Foundation is trying to change. We’re helping spark an interest and preparing students for a fast-paced, evolving industry where there’s a serious need for engineers and manufacturing professionals. The shortage of skilled professionals in the industry is an international challenge that the DENSO Foundation is committed to tackling.”

Dallas Smolarek, application engineer at DIAM, is proof that a hands-on experience is the hook that drives and develops students to work in the auto industry. Working in the DENSO Design Center at Michigan Technological University, a DNAF-funded lab, allowed Smolarek to learn what books couldn’t teach her.

“Working in the design center, I was able to follow a project from beginning to end and see the progression of a product – from design and development to prototyping and testing,” said Smolarek. “I learned how to take a comprehensive approach to projects and consider the overall impact. Just because it looks good on paper, doesn’t mean it will work.”

Her experience prepared her for her current role at DENSO, having to take a systems approach to powertrain product development and working in a variety of different areas.

The DNAF wants to see more students like Smolarek, excited about helping the auto industry advance and leading innovation. In 2014, the DNAF awarded more than $753,000 to 19 colleges and universities in North America.

Funds will support a range of projects – from advancing education in driver assistance, advanced safety and robotics programs to supporting competitive student vehicle teams and building new learning centers.

Congratulations to 2014 DNAF Grant Recipients
Arkansas State University
Auburn University
California State University – Long Beach
East Tennessee State University
Kellogg Community College
Kettering University
Lawrence Technological University
Michigan Technological University
North Carolina State
North Carolina A&T State University
Oakland University
Ohio State University
Pellissippi State Technical College
Tennessee Tech University
University of Detroit Mercy
University of Michigan – Dearborn
University of Tennessee at Chattanooga
University of Tennessee at Knoxville
University of Waterloo

About the DENSO North America Foundation
A registered 501(c)3 corporate foundation, The DENSO North America Foundation is dedicated to helping students advance their education in engineering, technology and other related programs. Founded in 2001, the Foundation provides grants to colleges and universities throughout North America, helping our communities prosper through the development of a skilled and knowledgeable workforce. The Foundation also provides disaster relief grants through the American Red Cross to aid persons and communities in which DENSO Corporation operates. For more information, visit http://densofoundation.org.

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, 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 38 countries and regions (including Japan) and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 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 center at or visit our media website at www.densomediacenter.com.

Currently, in North America, DENSO employs more than 17,000 people at 32 consolidated companies and affiliates. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, and Arkansas. DENSO’s North American consolidated sales totaling US$7.9 billion for the fiscal year ending March 31, 2014.

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DENSO Celebrates Alabama Facility Grand Opening

Press Releases

Southfield, Mich. – Global automotive supplier DENSO cuts the ribbon on its latest North American investment—a warehousing facility in Montgomery, Alabama on Thursday, June 26. DENSO Manufacturing Michigan—Alabama Plant (DMMI-AL), which represents a $2.2 million investment, is part of DENSO’s expansion plan to invest nearly $1 billion in North America in a four year period.

“Since announcing our Alabama expansion plans in October, we have worked closely with the Montgomery community to revitalize the Smothers Road building into a world-class DENSO facility,” said Mike Bowman, DMMI-AL plant director. “Montgomery has been a great partner, and we are thrilled to have hired 30 people on the way to our goal of 45 new DENSO jobs here in Alabama.”

DMMI-AL is a 103,000 square-foot facility that will support the warehousing and shipping of heating, ventilation and air conditioning (HVAC) units and other parts for DENSO’s North American customers. The $2.2 million investment included new equipment, personal property, setup and training.

“Today is certainly an exciting day for Montgomery as we celebrate our new partnership with DENSO,” said Montgomery Area Chamber of Commerce Chairman of the Board of Directors Leslie L. Sanders. “This new chapter not only signifies more jobs and expanding industry, it also demonstrates once again that world-class companies such as DENSO see Montgomery as a place they want to do business.”

This investment is part of DENSO’s expansion plan to invest nearly $1 billion in North America – more than $750 million in the United States – to strengthen and expand its product development and manufacturing capabilities across the region.

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, 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 38 countries and regions (including Japan) and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 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 center at or visit our media website at www.densomediacenter.com.

Currently, in North America, DENSO employs more than 17,000 people at 32 consolidated companies and affiliates. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas and Alabama. DENSO’s North American consolidated sales totaling US$7.9 billion for the fiscal year ending March 31, 2014.

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Facility Name DENSO Manufacturing Michigan Inc. Alabama Plant (DMMI-AL)
Established November 1, 2013
Ownership DENSO Manufacturing Michigan, Inc.
President Shingo Kuwamura
Products Warehousing, shipping and light assembly of HVAC units
Employees 30 (projected goal of 45 employees)
Main Customers Hyundai
Location 101 Smothers Road, Montgomery, AL 36111
Building Square Footage 103,000 square feet
Investment Includes New equipment, personal property, setup and training
Total Investment as of June 2014 US$2.2 million

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