Mar. 29, 2018 News Releases Organization Announcement
KARIYA (Japan) ― DENSO Corporation today announced that on July 1, 2018 it will integrate the management of two DENSO Group companies: DENSO PREAS Corporation and DENSO KIKO Co., Ltd., both of which manufacture metal press-worked parts.
The business environment will tremendously change in the future with the advancement of the electrification of automobiles and automated driving. Therefore, it will become even more necessary to develop press-worked parts required for new technologies and to begin local production in overseas regions where the market is expected to grow. To develop more competitive press-worked parts, DENSO reached the conclusion that the aforementioned companies of the DENSO Group, each of which has excellent manufacturing assets, must be integrated to form a core press working company while further strengthening collaboration with DENSO, which is proud of its high-accuracy molds.
The integrated company will enhance mass production technologies and manufacturing capabilities through closer collaboration with respective sections of DENSO and make a contribution to realizing an environmentally friendly, safe, and comfortable mobility through press-worked parts that support electrified systems and automated driving systems.
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1. Name |
DENSO PRESS TECH INC. |
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2. Location |
11-16 Genzau, Hagi-cho, Toyokawa, Aichi, Japan (current location of head office of DENSO PREAS) |
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3. Establishment |
July 2018 |
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4. Capital |
192.50 million yen |
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5. Ownership |
100% owned by DENSO |
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6. Employees |
Approx. 380 (at the time of establishment) |
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7. Business description |
Manufacture and sale of press-worked parts for automobiles |
[Reference]
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1. Name |
DENSO PREAS Corporation |
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2. Location |
11-16 Genzau, Hagi-cho, Toyokawa, Aichi, Japan |
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3. President |
Shoichhi Takenouchi |
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4. Establishment |
May 1953 |
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5. Capital |
32.50 million yen |
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6. Ownership |
100% owned by DENSO |
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7. Employees |
194 (as of April 2017) |
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8. Business description |
Manufacture and sale of press-worked parts for automobiles |
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1. Name |
DENSO KIKO Co., Ltd. |
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2. Location |
5-1-5 Shinden-cho, Takahama, Aichi, Japan |
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3. President |
Takeo Higuchi |
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4. Establishment |
March 1973 |
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5. Capital |
160.00 million yen |
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6. Ownership |
100% owned by DENSO |
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7. Employees |
211 (as of October 2017) |
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8. Business description |
Production of prototypes and mass-produced parts, including parts for automobiles, and fabrication and installation of conveyance equipment and jigs |
About DENSO Corporation
DENSO Corp., 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 (including Japan) and employs more than 150,000 people. Consolidated global sales for the fiscal year ending March 31, 2017, totaled US$40.4 billion. Last fiscal year, DENSO spent 9.0 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.denso.com, or visit our media website at www.denso.com/global/en/news/media-center/