Denso Announces Major Expansion of Manufacturing Facility in Hungary

DENSO Corporation, a leading global supplier of advanced technology, systems and components, announced that its Hungarian subsidiary, DENSO Manufacturing Hungary Ltd., will expand its diesel common rail system production capability by building a new 9,600-square-meter facility in the same premises with an investment of about 38.3 million euro (approximately US$ 45.9 million). The construction will start in April 2007 and end by July 2007 while production is scheduled to start in January 2008. The company expects to add about 200 new jobs by the end of 2007. Denso plans to increase annual production volume of common rail systems from the existing 650,000 to one million units by the end of 2008. "With the increasing demand in Europe for common rail systems, we decided to enhance our production capability in Hungary," said Hiromi Tokuda, senior managing director in charge of DENSO's Powertrain Control Systems and Electronic Systems Business Groups.