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According to Yonhap News,

(CHANGWON=Yonhap News) Denso Korea Electronics, a subsidiary of a Japanese automobile parts supplier, announced April 20 that it will hold a completion ceremony for a new plant in Changwon on April 21.

Denso, which signed an investment agreement with Changwon City in December of 2012, has purchased an industrial complex (82,845 ㎡) near Machang Bridge in Usan-dong and constructed an automobile electric parts production plant and a research institution.

The newly built plant will produce dashboards, which will be supplied to car manufacturers at home and abroad.

Changwon City named the industrial complex “Changwon Denso Urban High-Tech Industrial Complex,” as Denso is the only company in the complex.

Started as Pungsung Precision Tube Co., Ltd. in 1976, Denso Korea Electronics is a medium-sized company with more than 700 employees and annual sales of KRW 400 billion. Denso CEO Nobuaki Katoh will attend the completion ceremony.

Changwon City has designated the days between April 13 and 21 “Denso Week” to celebrate the construction of the new plant.

seaman@yna.co.kr

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Source Text

Source: Yonhap News (April 20, 2015)

** This article was translated from the Korean.