| DENSO Products and Services Americas, Inc., to Invest $9.5 Million in River Ridge Plant, Creating 50 New Jobs | Jeffersonville, Ind. (March 14, 2019) – One Southern Indiana (1si), in coordination with the Indiana Economic Development Corporation (IEDC), announced today DENSO Products and Services Americas, Inc.’s (DPAM), plans to lease approximately three-fourths of a new 426,118 square feet building at 301 Logistics Avenue in the River Ridge Commerce Center. The company is the aftermarket sales, manufacturing and distribution arm of the global automotive supplier, DENSO Corp., listed on Fortune World 500 as number 247. DPSA is investing approximately $9.5 million in the project, including $3 million in technology, such as warehouse management software to control inventory, optimize supply chain management and enhance customer service. This project, which will create 50 new positions, will be the first DENSO Corporation consolidated subsidiary in Indiana and joins 31 other locations in North America. “With our distribution strategy, we are embracing innovation to build the future of mobility. The center in Jeffersonville is strategically located to help meet the rising demand for DENSO’s top-quality replacement auto parts in the Northeast and Midwest,” said Kazu Yanagawa, vice president of DENSO’s Supply Chain Management Group. “This new distribution center gives us next-day ground transportation access to the entire region.” The Indiana Economic Development Corporation (IEDC) has offered DPAM up to $325,000 in conditional Economic Development for a Growing Economy (“EDGE”) tax credits and up to $50,000 in training grants from the Skills Enhancement Fund based on the company’s job-creation plans. These incentives are performance-based, meaning until Indiana workers are hired, the company is not eligible to claim the incentives. “Indiana’s central location, pro-business environment and talented workforce continue to attract companies from around the world,” said Jim Schellinger, Indiana Secretary of Commerce. “The cultural and economic relationships between Indiana and Japan run deep, and DPAM’s expansion to Indiana will further solidify our partnership and strengthen the network of nearly 300 Japanese businesses operating here and creating quality job opportunities for Hoosiers.” Jeffersonville Mayor Mike Moore welcomed DPAM, saying, “The City of Jeffersonville is pleased to welcome another nationally-known corporation into our business community. DENSO Products and Services Americas will complement our city’s growing diversity of international businesses, providing our citizens with meaningful employment, while enhancing Jeffersonville’s reputation as an enterprising community with business solutions for top companies. The City of Jeffersonville looks forward to working with them to ensure their success and wishes DENSO the best of luck in their endeavors.” River Ridge Development Authority Executive Director Jerry Acy said, “River Ridge is proud DENSO Products and Services Americas chose to be our newest tenant, further diversifying the commerce here. Our surrounding logistic capabilities make the River Ridge Commerce Center an ideal spot for manufacturers to get their goods efficiently and inexpensively to their customers. We know DENSO will do well here and stand ready to help them achieve its goals.” “There is nothing more rewarding than announcing a new project which will generate jobs above the county average hourly wage,” said 1si President and CEO Wendy Dant Chesser. “Not only will DPAM raise the profile of our region in the global business community but it also will help us raise the standard of living in Southern Indiana. We will continue to work with DPAM leaders to help ensure they realize their best possibilities for the newest addition to the DPAM network.” About DENSO DENSO is a $48.1 billion global mobility supplier that develops advanced technology and components for nearly every vehicle make and model on the road today, including Toyota, Honda, FCA, GM, Ford, Volvo, and Mercedes-Benz. With manufacturing at its core, DENSO invests in its 220 facilities in 35 countries to produce thermal, powertrain, mobility, electrification, & electronic systems, to create jobs that directly change how the world moves. The company’s 170,000+ employees are paving the way to a mobility future that improves lives, eliminates traffic accidents, and preserves the environment. Globally headquartered in Kariya, Japan, DENSO spent 8.8 percent of its global consolidated sales on research and development in the fiscal year ending March 31, 2018. For more information about global DENSO, visit https://www.denso.com/global. In North America, DENSO employs 24,000+ engineers, researchers and skilled workers across 31 sites in the U.S., Canada and Mexico. In the United States alone, DENSO employs 17,000+ employees across 11 states and 25 sites. Headquartered in Southfield, Michigan, in fiscal year ending March 31, 2018, DENSO in North America generated $10.9 billion in consolidated sales. Join us, and craft not only how the world moves, but also your career. For more information, go to https://www.denso.com/us-ca/en/. About One Southern Indiana One Southern Indiana (1si) was formed in July of 2006 as the economic development organization and chamber of commerce serving Clark and Floyd counties. 1si’s mission is to provide the connections, resources and services that help businesses innovate and thrive in the Southern Indiana / Louisville metro area. Since its inception, the organization has evolved to include a three-prong approach to serve its members and investors. Business Resources, as the chamber side of the organization, encompasses membership, signature events and programs which support and encourage business growth; Economic Development works to grow the regional economy through the attraction of new commerce and assists with retention and expansion of existing businesses; Advocacy supports businesses at the government level by engaging in the initiatives to preserve, protect and promote a business-friendly environment free of obstacles to growth and development of commerce. For more information on One Southern Indiana: www.1si.org MEDIA CONTACTS: Dan Alf
DENSO Products and Services Americas Inc.
Phone: (310) 513-7353 Email: dan_alf@densodrive.com Suzanne Ruark
One Southern Indiana
Direct: 812-206-9050 Email: suzanner@1si.org |