Denso invests $1 billion in Tennessee
Denso is expanding its U.S. footprint with a $1 billion investment in its Maryville, TN, location. The company says its $1 billion investment will create about 1000 new production and support jobs, including technicians and engineers. The investment will also expand multiple production lines to produce advanced safety, connectivity, and electrification products for hybrid and electric vehicles. These new products aim to improve fuel efficiency and preserve electric power by recovering and recycling energy, and by connecting all systems and products inside the vehicles.
"This is an investment in the future of Denso, and also the future of transportation. We are seeing dramatic shifts in the role of transportation in society, and this investment will help position us to meet those changing demands,” said Kenichiro Ito, Chairman of Denso's North America Board of Directors and CEO of Denso International America.
“Since setting roots here, Denso has played a major role in helping Tennessee transform into an automotive production leader,” said Jack Helmboldt, member of Denso’s North America Board of Directors and President of Denso Manufacturing Tennessee. “This investment enables us to provide new opportunities for top talent to advance the next generation of vehicles.”
Denso announced a $400 million investment in Maryville in 2015, adding 500 jobs and consolidating warehouse operations into one central location. The company broke ground on the facility in July 2016.
The $1 billion investment in Maryville is the latest in a line of strategic investments in North America for Denso. The company recently invested $75.5 million in its Southfield, MI, headquarters and Dublin, OH, facilities.