Thailand becomes global hub for Denso

This is another important year for Denso in Thailand as it enters its 41st year. Denso International Asia president and CEO Shigehiro Nichimura said Denso Corporation is confident in the Asean economy.

According to Nichimura, Denso is interested in investing in this region on a continuous basis to cater to the rising demand and growth in markets such as Thailand, Myanmar and Indonesia. He said Thailand would serve as the centre for automotive component production in the Asia-Oceania region.

Denso is swiftly expanding investment across Asia with the parent company designating this region as a key market. It is also considered a global auto industry leader, and the technical centre will help support the Asian automotive industry.

Nichimura said Denso is investing as much as Bt4 billion in Thailand this year to expand production at factories located in the Wellgrow Industrial Estate in Chachoengsao and Amata Nakorn Industrial Estate in Chon Buri. This is to prepare for the relocation of production from Japan to Thailand for components such as fuel injectors, common-rail systems as well as future injection systems to cater to the Thai and Asean markets. Denso aims to work closely with auto-makers that have R&D operations in this region.

"We concentrate on doing business in Asia, where there is high potential and growth for the automobile industry. We are expanding our business in Indonesia, India and especially Thailand, which will be our main production hub," he revealed.

Nichimura said Denso will expand factories here and build new ones, in a move to relocate production hubs for certain components from Japan to Asia, and to cater to the increasing demand for auto components.

(Source: The Nation)

Nike EPIC React Flyknit