Toyota Industries, Denso establish joint venture in Yantai, China  [ China ]

Toyota Industries Corporation and Denso Corporation and announced that they have jointly established Yantai Shougang TD Automotive Compressor Co., Ltd., in Yantai, Shandong Province, China to produce car air-conditioning compressors. The new company already commenced operations in December 2013. It is capitalized at JPY 3.68 billion, of which 50.1 percent was invested by Toyota Industries, 29.9...