DENSO Announces $1 Billion Investment In North America Over Next Four Years
Jan. 15, 2013—DENSO, a global automotive supplier, announced plans today to invest nearly $1 billion in North America over the next four years, resulting in more than 2,000 new jobs across the continent, according to a DENSO press release_notes.
Over $750 million of the total sum will be invested in the U.S., creating 1,200 jobs in Michigan, Tennessee, Iowa, California and North Carolina, according to the press release.
The announcement represents the company’s latest shift toward localized manufacturing.
"Last year, we announced that DENSO will drastically localize product in the regions in which we operate," Terry Helgesen, senior vice president of industry relations at DENSO International America, Inc., said in a statement. "Not only are we making products in North America, but we're also localizing critical tooling."