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Denso Spending $1 Billion in U.S. to Bolster Output of Mobility Products
Denso Corp. is spending $1 billion over the next two years to add capacity at its complex in Maryville, Tenn., for advanced connectivity, driver assist and autonomous driving products used in electric and hybrid vehicles.
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Denso Corp. is spending $1 billion over the next two years to add capacity at its complex in Maryville, Tenn., for advanced connectivity, driver assist and autonomous driving products used in electric and hybrid vehicles.
The expansion will create more than 1,000 jobs at the plant, which currently employs almost 4,000 people, according to the company. The project will add capacity to existing production lines and install nearly 80 new ones.
Denso did not indicate when the new investment will begin or how long it will run. The new program follows a four-year, $1 billion expansion of Denso’s North American operations that began in 2013. That plan included $400 million to add electronics production and warehousing operations in Maryville.
The Tennessee facility supplies a variety of Japanese and U.S. carmakers. About 40% of the plant’s revenue comes from sales to Toyota Motor Co., which owns 38% of the company.
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