Japan-based Denso Corporation is to build a manufacturing plant in Osceola, AR to produce car air conditioners and heavy equipment radiators for its North American customers.
Denso plans to invest $35 million (4.0 billion yen) in the new operation, which will involve the construction of a 20,200-square-metre facility that will begin at the end of this month.
The new company – Denso Manufacturing Arkansas – will be Denso’s twenty-third manufacturing facility in North America.
Production of heavy equipment radiators is scheduled to begin in October 2004 and production of car air conditioners will begin in January 2005. When the plant is running at full production in 2008, Denso expects to employ 500 people.
Denso promoted Jerry McGuire, who was previously the vice president of Denso Manufacturing Michigan in Battle Creek, to be the president of the new company.
Denso’s consolidated global sales for the fiscal year which ended March 31, 2003 were $19.4 billion.