KARIYA (Japan) – DENSO Corporation announced today that it has reached an agreement with Anjo city and the land development bureau of Anjo city, to purchase land for the expansion of its Anjo Plant in Anjo, Aichi prefecture, Japan. The land, located between two factory areas that compose the Anjo Plant, is 115,000 square meters in size. The purchase cost is expected to be approximately 6 billion yen. The purchase contract is scheduled for conclusion by spring 2008 after the land is prepared.
The expansion details will be determined at a later date.
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global supplier of advanced technology, systems and components. Worldwide, the company employs approximately 112,000 people in 32 countries and regions, including Japan. Consolidated global sales for the fiscal year ended March 31, 2007 totaled US$30.6 billion. DENSO common stock is traded on the Tokyo, Osaka and Nagoya stock exchanges in Japan. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.
Current Anjo Plant Profile
1. Start of operation: 1967
2. Ground area: 430,000 square meters
3. Total floor area: 232,000 square meters
4. Employees: 2,450 (as of March 2007)
5. Business description: Production of starters, alternators, and hybrid vehicle components
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