DENSO subsidiary builds production company in Vietnam
Hamankodenso Co., Ltd., a subsidiary of DENSO Corporation, has established a new company to produce automotive sensors and solenoid valves in Hung Yen, Vietnam.
RELATED
Scheduled to begin operations in June 2010, the new company, Hamaden Vietnam Co., Ltd. (HDVN), is expected to have a capital of approximately $12.6 million and an initial investment of about $21.2 million.
Construction is expected to begin in February 2009 and be completed by September 2009. HDVN will create approximately 800 new jobs by 2012.
HDVN will produce sensors for the ASEAN market, as well as solenoid valves for all markets, with the exception of Japan. The sensors produced will include those used to control the air-intake volume sent to the engine, and the solenoid valves will be used to send vaporized gasoline from the tank to the engine.
HDVN is Hamanakodenso's second overseas company, the first being a production company in Indonesia, which produces horns.
The new company's 50,000 square-meter site is projected to bring in approximately $33.8 million in sales for the 2012 fiscal year.
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global supplier of advanced technology, systems and components. Its customers include all the world's major carmakers. Worldwide, the company employs approximately 119,000 people in 32 countries and regions, including Japan. Consolidated global sales for the fiscal year ended March 31, 2008 and totaled $40.2 billion.
For more information, visit DENSO online.
