Denso to Expand Canadian Manufacturing Facility
(Akron/Tire Review) Denso Manufacturing Canada Inc., based in Guelph, Ontario, plans to expand its 112,442 square-foot facility by approximately 215,200 square feet. The new investment will total $63.7 million, and will create approximately 300 new jobs by 2010.
Due to the expansion, the subsidiary’s capital was increased by $24.5 million in May.
Denso Manufacturing Canada will produce radiators, condensers and electric fans and will integrate these products into engine cooling modules. The company will also continue producing air conditioning units.
“With increasing demand and sales expansion in North America for engine cooling products, we decided to enhance our production capability in Canada,” said Hikaru Sugi, managing officer of Denso’s Thermal Systems Business Group. “We anticipate the company’s sales to increase to approximately $240 million by fiscal year 2010, from $128 million for fiscal year 2006.”
Construction of the expansion is scheduled to begin in June 2007 and be completed by September 2008. Production is scheduled to start in January 2009.