SOUTHFIELD, Mich., Jan. 28, 2015 /PRNewswire/ -- DENSO is investing
approximately $85 million to expand
production of its gasoline direct injection (GDI) capability at
DENSO Manufacturing Athens Tennessee (DMAT), in Athens, Tennessee, resulting in about 400 new
jobs over the next three years. The company is building a new
224,000 sq. ft. facility at its existing location and will start
production in July 2016. This marks
DMAT's third major investment in an 18-month period. The overall
expansion effort will represent a total investment of approximately
$190 million and more than 700 new
jobs.
"This project is critical to support the growing need of
gasoline direct injection in North
America as automakers are turning to this technology to help
meet fuel-efficiency and emissions regulations," said Brian Nolen, General Manager of DMAT's Gasoline
Products Manufacturing Division. "The localization of gasoline
direct injection technology is resulting in new jobs, new
production lines, new approaches to training and new growth among
our supply partners in North
America."
Fueling Jobs and Powering New Lines
DMAT's recent
investment has not only created new jobs for DENSO, but it has also
resulted in new growth and job creation for its U.S. supply base.
Last year, the Autocam Group of NN Inc., announced that it expanded
production at its Marshall,
Michigan location and will nearly double its employee base
to produce precision-machined metal components for use in DENSO
gasoline direct injection fuel systems. In addition, DENSO
researched and worked with new local and global machine makers to
help build the lines, including the new Machinery and Tools
Division at DENSO Manufacturing Tennessee, in Maryville, Tennessee.
DMAT currently employs more than 1,450 employees, and has been
producing fuel injectors (among other automotive components) since
1998 for the North America region.
DENSO's latest generation of GDI technology is geared to deliver
more power and lower emissions while being more compact. Its
reliability and flexibility allows it to be used in markets around
the world. For consumers, it's an overall savings at the gas pump
and a satisfaction they are helping reduce impact to the
environment.
About DENSO
DENSO Corporation, headquartered in
Kariya, Aichi prefecture, Japan,
is a leading global automotive supplier of advanced technology,
systems and components in the areas of thermal, powertrain control,
electronics and information and safety. Its customers include all
the world's major carmakers. Worldwide, the company has more than
200 subsidiaries and affiliates in 38 countries and regions and
employs nearly 140,000 people. Consolidated global sales for the
fiscal year ending March 31, 2014,
totaled US$39.8 billion. Last fiscal
year, DENSO spent 9 percent of its global consolidated sales on
research and development. DENSO common stock is traded on the
Tokyo and Nagoya stock exchanges.
About DENSO in North
America
Currently in North America, DENSO
employs more than 17,000 people at 32 consolidated companies and
affiliates. Of these, 28 are manufacturing facilities located in
the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more
than 14,000 people in California,
Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio,
Alabama and Arkansas. DENSO's North American consolidated
sales totaled US$7.9 billion for the
fiscal year ending March 31,
2014.
Connect with us on Facebook:
www.facebook.com/DENSOinNorthAmerica
Logo - http://photos.prnewswire.com/prnh/20140521/90198
Photo -
http://photos.prnewswire.com/prnh/20150128/172041
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/denso-athens-tennessee-facility-expands-again-company-to-invest-approximately-85-million-and-hire-400-300027295.html
SOURCE DENSO Corporation