Japan-based Denso Corp. announced that Denso Manufacturing Hungary Ltd., Denso's subsidiary here, will expand its diesel common rail system production capability by building a new 9,600 square meter facility on the existing premises.
The total investment will be more than 38 million euro. DENSO expects to add about 200 jobs by the end of the year.
“With the increasing demand in Europe for common rail systems, we decided to enhance our production capability in Hungary,” said Hiromi Tokuda, senior managing director in charge of Denso's Powertrain Control Systems and Electronic Systems Business Groups. “We plan to increase annual production volume of common rail systems to 1 million units by fiscal year 2008, from the 650,000 units projected for fiscal year 2006.”
Construction of the new facility is scheduled to be completed by the end of the year, with production scheduled to start in January.
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