Japan’s DENSO Corporation is expected to begin selling its starters and alternators in Turkey next month, aiming to reach $45 million in annual sales by fiscal year 2005. DENSO established a manufacturing facility in Istanbul last July with an initial capital of over eight million dollars.
The new plant, expected to go online in February 2004, will manufacture thermal products for car air conditioning systems, which will be marketed throughout Europe. It will employ approximately eighty workers.
DENSO, which anticipates automotive air conditioners and heaters installation in European cars to rise from today's 50 percent to 65 percent by 2005, already operates four European production plants for car air conditioning products, in the UK, Germany, Italy and the Czech Republic
The new Turkish sales and manufacturing company, named DENSO Otomotiv Parcalari Sanayi Anonim Sirket, is 100 percent owned by the DENSO Corporation. It was set up with a 300 million yen investment.
DENSO Corporation, headquartered in Kariya, Japan, is a global supplier of advanced technology, systems and components. Worldwide, the company employs 87,000 people in 31 countries and regions, including Japan. DENSO common stock (TSE: 6902) is traded on the Tokyo, Osaka and Nagoya stock exchanges in Japan. For further information, please visit the DENSO Corporation home page at: — (menareport.com)
© 2002 Mena Report (www.menareport.com)
