The company aims to better support North American customers and expand new business areas
DENSO manufacturing facility in Mexico will also see some investment. PHOTO: Denso International America Inc.
Southfield, Mich.—Global automotive supplier Denso is investing nearly $1 billion in North America over the next four years, which will result in more than 2,000 jobs.
Approximately $151 million will be spent adding roughly 442 new jobs at two of its Michigan facilities located in Southfield and Battle Creek from 2013-2015.
Denso’s North American headquarters in Southfield, Mich., will see $45 million and about new 176 employees to expand research and development of next-generation technologies to improve fuel economy and safety.
The Japanese-owned auto supplier will invest approximately $105 million and add about 266 jobs at its manufacturing facility in Battle Creek, Mich., to produce advanced thermal components.
Denso said these investments will help better support North American customers and expand new business areas and localize products, many of which will help automakers meet impending fuel-economy requirements.
Last year, Denso added 150 new positions in Michigan.
Denso employs more than 14,000 people at 28 consolidated companies and affiliates in 26 are manufacturing facilities located in the U.S., Canada and Mexico. North American consolidated sales totaled US$6.2 billion for the fiscal year ending March 31, 2012.
Denso Manufacturing Canada, Inc. (DMCN), in Guelph, Ont., manufactures heating ventilation and air conditioning units, radiators, condensers, engine fans and cooling modules.
Consolidated global sales for the same fiscal year totaled US$38.4 billion, while Denso spent 9.5 percent of its global consolidated sales on research and development.