DENSO plans to invest $51.4 million in Mexico
DENSO Corp. is investing approximately $51.4 million to expand its operations at its DENSO Mexico S.A. de C.V. manufacturing facility in Silao, Guanajuato, Mexico.
Some 450 jobs will be create as a result of the investment, which allows DENSO to add a new production line to manufacture alternators for its North American customers. The new line is scheduled to start production in October 2014.
The expansion news follows DENSO’s January 2012 announcement to build the Silao facility, which will begin producing heating, ventilation and air conditioning units in October 2013. DENSO’s initial investment totaled $57 million.
DENSO has increased its production line up of radiators, condensers and washer systems and, as a result, says it decided to more than double the size of the facility to further "accommodate the alternator line and other future business expansions."
The Silao plant is the third plant for DENSO Mexico; the other two facilities are based in Nuevo Leon.
Earlier this year, at the North American International Auto Show in Detroit, DENSO announced it would invest nearly $1 billion in North America over the next four years, which will result in more than 2,000 jobs across the region. The investment will allow DENSO to "better support its North American customers, as well as expand new business areas and localize products, many of which will help automakers meet upcoming fuel requirements."
More than $750 million will be invested in the United States alone, creating more than 1,200 jobs.
For more information on DENSO in North America, visit the company's Facebook page.