Hungarian subsidiary will expand, says DENSO
DENSO Corp.'s DENSO Manufacturing Hungary Ltd. subsidiary will expand its diesel common rail system production capability. A new 9,600-square-meter facility will be built on the existing premises in Szekesfehervar, Hungary.
The total investment will be approximately 38.3 million euros and will add approximately 200 jobs to the payroll by the end of 2007.
"With the increasing demand in Europe for common rail systems, we decided to enhance our production capability in Hungary," says Hiromi Tokuda, senior managing director in charge of DENSO's Powertrain Control Systems and Electronic Systems Business Groups. "We plan to increase annual production volume of common rail systems to one million units by fiscal year 2008, from the 650,000 units projected for fiscal year 2006."
Construction of the new facility is scheduled to begin in April 2007 and be completed by July 2007. Production is scheduled to start in January 2008.