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DENSO and Aisan Start Studying the Possibility of Strengthening Competitiveness in Powertrain and Future Growth Areas

KARIYA (Japan) ― The second largest global mobility supplier DENSO and powertrain supplier Aisan have reached a basic agreement based on the board of directors meeting on May 20, 2019 to begin studying the possibility of increasing DENSO’s stake in Aisan, and also transferring part of DENSO’s powertrain business to Aisan. This initiative would help strengthen the companies’ competitiveness in powertrain and future growth areas.

The auto industry is facing a once-in-a-century paradigm shift. Although there are growing global expectations for electrified vehicles, it remains important to reduce the CO2 emissions and increase the fuel efficiency of conventional internal combustion engines. Under the basic agreement, DENSO and Aisan will integrate similar operations in the powertrain businesses of the two companies to improve competitiveness in this area. Limited resources will be shifted to new growth areas to strengthen cooperation and contribute to the future of mobility.

Details of the basic agreement

■ Studying the possibility of transferring parts of powertrain business from DENSO to Aisan

The two companies will start studying the possibility of transferring the entire business of developing, manufacturing, and selling some products such as fuel pump module in DENSO’s powertrain business to Aisan. Powertrain products will continue to be developed and manufactured while increasing the production efficiency and cutting costs.

Studying the possibility of increasing DENSO’s stake in Aisan to strengthen mutual cooperation

The two companies will start studying the possibility of DENSO’s acquisition of all Aisan shares owned by TOYOTA MOTOR CORPORATION. The increased stake in Aisan will strengthen cooperation to improve competitiveness in future growth areas.

DENSO and Aisan will study the details based on the basic agreement, with the aim of concluding the official agreement in autumn 2019. The business transfer and the increase in stake will be based on approval from the competition law authorities in respective countries and regions.

 

About DENSO Corporation

DENSO is a $48.3 billion global mobility supplier that develops advanced technology and components for nearly every vehicle make and model on the road today. With manufacturing at its core, DENSO invests in its 211 facilities in 35 countries to produce thermal, powertrain, mobility, electrification, & electronic systems, to create jobs that directly change how the world moves. The company’s 170,000+ employees are paving the way to a mobility future that improves lives, eliminates traffic accidents, and preserves the environment. Globally headquartered in Kariya, Japan, DENSO spent 9.3 percent of its global consolidated sales on research and development in the fiscal year ending March 31, 2019. For more information about global DENSO, visit https://www.denso.com/global

 

Aisan Industry Co., Ltd.    + 81 562 48 6225 mitsuhiro_nagao@aisan-ind.co.jp
DENSO Corporation       +81 566 55 9736    yuu_matsuda@denso.co.jp

 

 

DENSO Shows Commitment to STEM Education as Lead Sponsor of the 20th Robofest World Championship

Southfield, MI (May 17, 2019) – DENSO, the world’s second largest mobility supplier, is a lead sponsor of the 20th Robofest World Championship, held May 16-18, 2019, at Lawrence Technological University (LTU) in Southfield, Michigan. DENSO has always been committed to shaping the advanced mobility industry by getting young students – and future leaders in the automotive industry – interested in highly skilled careers in science, technology, engineering and advanced manufacturing. Because of this, DENSO has sponsored the event since 2005 and has been a lead platinum sponsor since 2015.

As part of DENSO’s involvement, it worked closely with LTU to involve Southfield Public Schools for the first time in Robofest events throughout the year. This allowed public school students around DENSO’s North American headquarters to get hands-on, STEM-related experience and gain engineering and programming skills that could lead to future careers. Specifically, Southfield’s MacArthur K-8 University Academy hosted a Robofest competition on April 6, 2019, and one of its teams, The People, is competing in the qualifying competition at LTU this weekend.

“Robofest takes a unique approach to introducing kids to STEM, encouraging them to solve important social issues through autonomous technology.,” said Melissa Smith, Community Affairs Lead at DENSO International America, Inc. “At DENSO, we understand our involvement is critical in helping identify future talent –skilled trade workers, engineers and industry leaders – who are passionate about working with advanced technologies, improving society through mobility and building safer communities where they work and live.”

Robofest was created in 1999 and has had over 25,000 domestic and international students compete in its events. This year, 600 students from 261 teams will participate in the RoboParade, a parade of autonomous robotic floats, the Unknown Mission Challenge (UMC), where robots perform various tasks that are revealed the day of the event, and much more. Southfield Mayor Kenson J. Siver will be in attendance on May 18 and speak to the students during the opening ceremony at 9 a.m. The event is free to the public.

DENSO recognizes the demand for individuals who are highly skilled in STEM-related fields. To achieve its long-term vision, DENSO actively supports events like Robofest, FIRST Robotics and the EcoCAR Mobility Challenge to engage with talented and diverse young professionals who can eventually become members of their workforce. For those interested in learning more about DENSO internships, co-ops and other opportunities, go to densocareers.com.

 

About DENSO

DENSO is a $48.3 billion global mobility supplier that develops advanced technology and components for nearly every vehicle make and model on the road today. With manufacturing at its core, DENSO invests in its 221 facilities in 35 countries to produce thermal, powertrain, mobility, electrification, & electronic systems, to create jobs that directly change how the world moves. The company’s 170,000+ employees are paving the way to a mobility future that improves lives, eliminates traffic accidents, and preserves the environment. Globally headquartered in Kariya, Japan, DENSO spent 9.3 percent of its global consolidated sales on research and development in the fiscal year ending March 31, 2019. For more information about global DENSO, visit https://www.denso.com/global.

In North America, DENSO employs 27,000+ engineers, researchers and skilled workers across 31 sites in the U.S, Canada and Mexico. In the United States alone, DENSO employs 17,000+ employees across 13 states and 25 sites. Headquartered in Southfield, Michigan, in fiscal year ending March 31, 2019, DENSO in North America generated $10.9 billion in consolidated sales. Join us, and craft not only how the world moves, but also your career. For more information, go to https://www.denso.com/us-ca/en/.

 

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DENSO Receives a Michigan Breastfeeding-Friendly Workplace Award

BATTLE CREEK, Mich. (May 15, 2019) – The Michigan Breastfeeding Network (MIBFN) recently recognized DENSO’s thermal manufacturing facility in Battle Creek, Michigan, for creating and maintaining a supportive workplace for breastfeeding employees. MIBFN evaluated companies operating across the state of Michigan on a number of criteria including facilities, policy and education, scheduling and resources, ultimately recognizing DENSO with its Silver award. The honor is emblematic of DENSO’s long-time commitment to support its employees and ensure they have the resources necessary to succeed at work and life.

“We’d be nothing without our associates who bring their skills and passion to work every day and we take pride in delivering them support and amenities that help them balance their professional and personal lives,” said Natalie Scott, communications and external affairs. “This award is a direct reflection of DENSO’s resolve to help employees provide for themselves and their families, however needed.”

DENSO’s thermal facility in Battle Creek first established a mother’s room and lactation policy in 1999. Each associate – regardless of department and position – is provided 50 minutes of paid time for lactation within their regularly scheduled workday. Associates work with their supervisor to arrange for the breaks they need and use a posted schedule to share the room with other nursing mothers. The mother’s room consists of two individual locking rooms; lockers; a sink for washing; a refrigerator for storage; two breast pumps mounted on the wall and outlets for those who wish to use their own pumps.

Dana Paulson, a team leader and long-time DENSO employee, recently used the facility for her now two-year-old, but also more than a decade ago for her now teenager. “I was really amazed when I started working here years ago to see how great the set-up is,” said Paulson. “My daughter was very picky and refused formula. Were it not for DENSO’s supportive policies and facilities I would have had to choose between my child’s nourishment and my employment. Instead, I was able to do it all.”

According to the MIBFN, when companies support breastfeeding, businesses gain a three-to-one return on investment in addition to greater employee retention, lower absenteeism, and a more creative and productive work environment. More information on the MIBFN awards can be found at https://www.mibreastfeeding.org/workplace/.

 

About DENSO

DENSO is a $48.3 billion global mobility supplier that develops advanced technology and components for nearly every vehicle make and model on the road today. With manufacturing at its core, DENSO invests in its 221 facilities in 35 countries to produce thermal, powertrain, mobility, electrification, & electronic systems, to create jobs that directly change how the world moves. The company’s 170,000+ employees are paving the way to a mobility future that improves lives, eliminates traffic accidents, and preserves the environment. Globally headquartered in Kariya, Japan, DENSO spent 9.3 percent of its global consolidated sales on research and development in the fiscal year ending March 31, 2019. For more information about global DENSO, visit https://www.denso.com/global.

In North America, DENSO employs 27,000+ engineers, researchers and skilled workers across 31 sites in the U.S, Canada and Mexico. In the United States alone, DENSO employs 17,000+ employees across 13 states and 25 sites. Headquartered in Southfield, Michigan, in fiscal year ending March 31, 2019, DENSO in North America generated $10.9 billion in consolidated sales. Join us, and craft not only how the world moves, but also your career. For more information, go to https://www.denso.com/us-ca/en/.

 

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