Japan’s Denso, one of the world’s largest suppliers of automotive suppliers, largely specialising in technological components, is set to invest $1bn in to Maryville, Tennessee with the aim of expanding its presence in North America.
The commitment will create 1,000 jobs in the region as well as greatly boosting the role of the US in the innovation of vehicle safety and new vehicle models.
"This is an investment in the future of DENSO, and also the future of transportation,” said Kenichiro Ito, Chairman and CEO of Denso’s North American operations. “We are seeing dramatic shifts in the role of transportation in society, and this investment will help position us to meet those changing demands.”
In demand roles will include support and production jobs such as engineers and technicians. This will enable the company to expand its production lines, raising the potential to build a greater quantity and quality of safety and connectivity components, amongst others, for hybrid and electric vehicles.
Denso’s $1bn commitment is a further addition to the company’s $400mn investment back in 2015 where the company added 500 jobs whilst consolidating their regional operations, having also invested $75.5mn in its Southfield, Michigan headquarters in Dublin, Ohio facilities more recently.