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Niterra

Japan

Niterra revises investment allocation after Denso deal cancellation, adds JPY 20 billion for automotive capacity expansion

Niterra Co., Ltd. announced an update to its Mid-Term Management Plan 2030 on November 5. Following the cancellation of its planned acquisition of Denso’s spark plug and exhaust sensor businesses, the company will revise its investment allocation. It will allocate an additional JPY 20 billion to capacity expansion in

Japan

Denso cancels JPY 180.6 billion transfer of spark plug and exhaust gas sensor businesses to Niterra

On October 2, Denso Corporation (Denso) and  Niterra Co., Ltd. (Niterra) announced that they had agreed to cancel the transfer of Denso’s spark plug and exhaust gas sensor businesses to Niterra. The two companies decided to enter into an agreement terminating the business transfer agreement. The originally announced

USA

Niterra to withdraw from U.S. automotive aftermarket electronic components business

Niterra Co., Ltd. announced on August 10 that it will withdraw from the automotive components business of its U.S. subsidiaries Wells Vehicle Electronics, L.P. In connection with the withdrawal, Wells Vehicle Electronics, L.P. transferred its procurement, manufacturing and sales business for automotive aftermarket el

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