Tokyo - DENSO Corporation today announced that it will establish a joint venture to produce fuel injection pumps for diesel vehicles with SHANGHAI PUDONG "EV" FUEL INJECTION CO., LTD. and SHANGHAI DONG SONG INTERNATIONAL TRADING CO., LTD. Both companies are based in Shanghai, China.
DENSO will invest US$4.6 million in SHANGHAI "DV" FUEL INJECTION CO., LTD., which is owned by SHANGHAI PUDONG "EV" FUEL INJECTION CO., LTD. and SHANGHAI DONG SONG INTERNATIONAL TRADING CO., LTD. SHANGHAI "DV" FUEL INJECTION CO., LTD. will be renamed SHANGHAI DENSO FUEL INJECTION CO., LTD. when it is established in October of this year. SHANGHAI DENSO FUEL INJECTION CO., LTD. will produce fuel injection pumps for diesel vehicles produced by Chinaâ€™s automobile manufacturers.
â€œDENSO has been providing technical support to SHANGHAI "DV" FUEL INJECTION CO. ,LTD., which currently produces fuel pumpsâ€ said Hiroshi Uchiyama, senior managing director in charge of DENSOâ€™s Sales Group. â€œBecause the Chinese market is expected to grow as China continues to build its transportation infrastructure through a network of expressways, DENSO decided to invest capital in SHANGHAI "DV" FUEL INJECTION CO. ,LTD. Also, as emissions regulations are scheduled to tighten in China, DENSO plans to expand future common rail system components production business in China.
Currently, DENSO operates seven production companies in China:
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global supplier of advanced technology, systems and components. Its customers include all the worldâ€™s major carmakers. Worldwide, the company employs 90,000 people in 31 countries and regions, including Japan. Consolidated global sales for the fiscal year ended March 31, 2003 totaled US$ 19.4 billion. DENSO common stock is traded on the Tokyo, Osaka and Nagoya stock exchanges.