Denso, which is one of the biggest automotive suppliers in the world is expanding its presence in the United States by making a massive investment of USD 1 billion in its factory in Maryville, Tennessee. The investment is expected to create at least 1,000 new jobs in support and production roles. As a result of the investment, the Maryville facility will become Denso’s primary manufacturing centre in North America for electrification and safety systems.
The investment will also expand multiple production lines to manufacture products related to advanced safety, connectivity, and electrification for use in EVs and hybrid vehicles. These new products, are expected to considerably boost fuel efficiency and preserve electric power through recovery and recycling of energy, and by connecting all systems and products inside the vehicles. Denso claims that these products will create the highest efficiency for a whole vehicle by anticipating the road environment via collaboration with information obtained from the external environment and using the data to enhance performance of electrified products.
Commenting on the investment in the Maryville plant, Kenichiro Ito, chairman of Denso’s North America Board of Directors and CEO of Denso International America said that it is an investment in the future of Denso, and also the future of transportation. The role of transportation in society has changed dramatically and the investment will help Denso to adapt in order to meet these changing demands.
In 2015, the company had invested USD 400 million in its Maryville facility, thus adding 500 employees and consolidating several warehouse operations into one central location. Denso had also recently invested USD 75.5 million in its Southfield, Michigan headquarters and Dublin, Ohio facilities.
Denso is headquartered in Southfield, Michigan and has over 23,000 employees spread across 28 consolidated subsidiaries and 4 affiliates in North America. Of these 28 facilities, 25 factories are located in the United States, Canada and Mexico. Denso already has a significant presence in the United States with over 17,000 employees and USD 9.6 billion in consolidated sales for the financial year that ended on March 31, 2017.
Manju Mathew, an MBA in marketing, completed publisher training courses from the Oxford Brookes University and New York University. She started with marketing and PR roles before moving on to her current position as a full time writer. Currently living in Dubai, her life as an expat has sharpened her observation skills and flair for writing. She enjoys writing about luxury cars like Ferrari, Lamborghini, etc even if she can only dream of owning them.
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