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Denso to establish new company Air Systems Corporation |
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Wednesday, 11 March 2009 |
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In an effort to realize a more comprehensive Air Conditioning business
operation, Denso Corporation, a
leading global supplier of advanced technology, systems and components, will
consolidate DENSO Airs Corporation, a group company that will produce hoses and
pipes for car air conditioning systems in July 2009.
Refrigerant hoses and pipes for car air conditioners have much in
common in terms of machining technology and production process, said Akio
Shikamura, managing officer responsible for DENSO Thermal Systems Business
Group. "We aim to enhance our competitiveness by consolidating development
and production previously conducted at both companies and deploying a more
comprehensive business operation.
Located in Aichi, Japan,
the new company will have a capital of approximately US$5.5 million and is
expected to have annual sales of approximately US$312.7 million in the fiscal
year ending March 2013.
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