DENSO growth plan includes millions in East Tennessee

DENSO growth plan includes millions in East Tennessee

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SOUTHFIELD, Mich. (WATE) - Auto part supplier DENSO plans to invest nearly $1 billion in North American operation over the next four years, including more than $50 million at its two facilities in East Tennessee.

The investment plan announced Tuesday morning could bring up to 130 jobs to the DENSO manufacturing plant in Athens.

A building in Maryville will be used to make proprietary machinery and serve as the regional headquarters for manufacturing machinery and dies, the company said.

Details of when the additions to operations will be made were not not announced Tuesday by the company in information released to news media. The company said details are being finalized and "we expect our investment and job creation in Tennessee to increase significantly."

The company says more than 2,000 jobs could be added to North American operations, with 1,200 of those jobs and more than $750 million in investments added in the U.S.

DENSO cited increased demand for its products, as well as plans to expand into new business areas, for the added investments. A focus of the company will be to help automakers meet upcoming fuel requirements.

DENSO operates facilities in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, and Arkansas, as well as Mexico and Canada.

More than 14,000 people are currently employed by DENSO at 26 North American manufacturing facilities. The company is headquartered in Kariya, Aichi prefecture, Japan.

DENSO supplies automakers with advanced technology, systems and components, such as powertrain controls, and electric and electronic systems for information and safety. It supplies all of the world's major carmakers.

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