Denso to invest $190 million in Tennessee plant, creating 320 jobs
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Japanese auto parts supplier Denso Corp (6902.T) said on Wednesday it will invest $190 million in an existing Athens, Tennessee, plant to produce components for fuel delivery, ignition and exhaust gas systems for automakers in North America.
The investment will add four production lines and create 320 jobs, the company said in a statement.
Denso said the plant will have one new production line devoted to gasoline direct injectors and the other three for fuel pumps.
In October Denso, Toyota Motor Corp’s (7203.T) largest supplier, said it would invest $1 billion in its Maryville, Tennessee, plant to develop vehicle electrification and safety systems, creating around 1,000 jobs.
Last month, Toyota and Mazda Motor Corp (7261.T) announced a $1.6 billion joint venture assembly plant in Alabama that will employ up to 4,000 workers and produce 300,000 vehicles a year.
Questions & Answers
Q.What components will be produced at Denso's Athens, Tennessee, plant after this investment?
What components will be produced at Denso's Athens, Tennessee, plant after this investment?
The Athens plant will produce components for fuel delivery, ignition and exhaust gas systems for automakers in North America. Specifically, one new production line will be for gasoline direct injectors and three others for fuel pumps.
Q.How many new jobs will this investment create at the Athens, Tennessee, facility?
How many new jobs will this investment create at the Athens, Tennessee, facility?
This investment by Denso Corp in its Athens, Tennessee, plant is expected to create 320 new jobs. The company confirmed this number in its official statement regarding the expansion.
Q.What is the total investment amount Denso is making in its Athens plant?
What is the total investment amount Denso is making in its Athens plant?
Denso Corp is investing a total of $190 million into its existing Athens, Tennessee, plant. This substantial investment is intended to add four new production lines and expand capabilities.
Q.Which company is Denso's largest supplier?
Which company is Denso's largest supplier?
Denso is identified as the largest supplier to Toyota Motor Corp. This relationship was mentioned when detailing Denso's prior investment in its Maryville, Tennessee, plant for vehicle electrification.
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