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Denso : Manufacturing makes Kc574m gross profit in 2014/15

07/03/2015 | 05:15am US/Eastern

We have corrected in para 3: "production capacity should increase by up to 30 percent by the year 2029" to "production capacity should increase by up to 30 percent by the year 2020".

Liberec, July 2 (CTK) Car air conditioners producer Denso Manufacturing Czech implemented orders for a record EUR414m (Kc11.3bn) in the fiscal year which ended on March 31, 2015 and made a Kc574m gross profit, according to data presented at today's press conference.

The company supplied 2.4 million airconditioning units onto the market last year, as well as millions of condensers, air coolers, heaters and other products.

Denso Manufacturing plans further growth in sales this year by some 3 percent to EUR426m (Kc11.6bn). Thanks to the plant's enlargement and new production lines, production capacity should increase by up to 30 percent by the year 2020.

Denso will invest almost Kc400m into the production plant of Liberec as the current production capacity is insufficient thanks to growing demand, the company's president Karel Balatka told CTK today.

However, no large raising of workforce is planned, only several dozens of people are to be hired.

We are investing into the plant's enlargement in particular because we have acquired a new project from an important client and the current capacity is not high enough for it," Balatka added.

The extension to the existing hall is to be completed in May 2016 but reorganisation of production will continue also in the coming years.

Denso presented the plans for the extension of the production plant for the first time in 2008. Originally, the investment was to be worth almost Kc1.2bn and around 500 people were to find a job. The crisis forced the company to change the plan.

Denso Manufacturing is the biggest employer in the Liberec South industrial zone. The company currently has 2,285 employees, 1,814 of them in bluecollar professions.

Production grows constantly and Denso is now looking for 120 new operators for its production lines. "We are hiring men and women for production, we are looking for them also in Poland," personnel head Roman Help told CTK.

Poles now make up a fifth of the company's employees, Slovaks and Romanians are also among its employees and 38 percent of the workforce are foreigners. A large part of them are agency employees.

"We would like to cut the share of agency employees to 20 percent," Help added.

Denso Manufacturing Czech is part of Japanese group Denso, which had invested Kc3bn in the construction of the Czech plant.

Denso launched production in the Czech plant in autumn 2003. It opened a research centre there in September 2007.

Among Denso Manufacturing Czech's biggest clients are car makers from the Volkswagen group, BMW, Suzuki, TPCA Kolin, Lamborghini and Bentley.

fs/er

© Pakistan Press International, source Asianet-Pakistan

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