Denso Corp. announced July 4 that Chongqing Denso Co. and Kunshan Gongcheng Electric Equipment Co. integrated their businesses in June.
The new joint venture by the two motorcycle equipment manufacturers is called Gongcheng Denso and has started production at two plants in China.
"China has the world's largest gasoline-powered motorcycle market, and we look to increase our competitiveness in this market through this integration with Kunshan Gongcheng," said Masahiko Miyaki, senior executive director of Denso's Powertrain Control Systems business group.
Gongcheng Denso is manufacturing ignition systems for carburetor-equipped engines and will later add the production of ignition systems for electrically controlled fuel-injected engines, which are expected to grow in the market as emission control regulations are tightened.
The new company has startup capital of 2.85 billion yen (about $35.9 million) and 690 employees as of June.
- « Prev
- Next »