Kariya, Japan-based Denso has formed a new company to produce heat exchangers for car air conditioners and radiators in Tianjin, China.
Denso has formed a new company to produce heat exchangers for car air conditioners and radiators in Tianjin, China.
The new company – Denso (Tianjin) Thermal Products – will begin production in July 2006 with a capital investment of approximately $66.7 million.
‘Denso (Tianjin) Thermal Products will supply heat exchangers primarily to Denso’s existing car air conditioner production companies in China. Currently, these production companies’ main customers are Japanese automotive manufacturers in China, but Denso will expand its business so it can supply European and American automotive manufacturers in China as well,’ explained Satoshi Watanabe, senior managing director in charge of Denso’s Thermal Systems Group.
Denso has been growing its car air conditioner business in China since 1994, when it opened its first production company, Yantai Shougang Denso in northern China.
Denso now has four production companies in China including Yantai Shougang, Tianjin Denso Air-Conditioner, and Tianjin Fawer Denso Air-Conditioner in northern China and Guangzhou Denso in southern China.
Based in Kariya, Aichi prefecture, Japan Denso employs 95,000 people in 31 countries and regions, including Japan.