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DENSO announces US$63 million investment for major expansion of Canadian manufacturing facility

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On June 21, 2007, DENSO Corporation announced that DENSO Manufacturing Canada, Inc., its subsidiary in Guelph, Ontario, Canada, planned to expand its 10,450 square-meter facility by approximately 20,000 square meters. The new investment will total US$63.7 million, and will create approximately 300 new jobs by 2010. With this expansion, DENSO Manufacturing Canada will produce radiators, condensers and electric fans for radiators and integrate these products into engine cooling modules. The company will also continue producing air conditioning units. DENSO Corporation, headquartered in Japan, is a leading global supplier of advanced technology, systems and components. DENSO was advised in this transaction by a team from Fasken Martineau led by Mark Stinson and Arthur Kitamura (Asia Pacific), with the assistance of Don Short and Liana Turrin (construction) and John Inglis (municipal).