DENSO Corp established meter production enterprise in Tianjin-Tianjin Poon Sung Electronics, Ltd, involving a total registered capital of US$1.81 million, in which Poon Sung Electronics accounted for 66.6 percent, with DENSO Corp accounting for 33.4 percent.
The new firm with investment of US$2.58 million will realize the batch production at the end of 2006, and it will offer its products for Korea auto manufacturers in China, with an annual sales value of JPY 2.7 billion in 2010.
Reported by BidLink