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DENSO Establishes JV for Aftermarket Products & Services in South Africa

Auto News - Published on Tue, 16 Jul 2019

Image Source: denso.com
DENSO Corporation and Smiths Manufacturing Limited owned by Metair Investments Limited announced they have established DENSO Sales South Africa (Pty) Limited, a joint venture dedicated to selling aftermarket products and services in Southern Africa. DENSO established DENSO Sales South Africa to sell repair parts and accessories and offer services such as repairs for passenger cars and commercial vehicles in South Africa and neighboring countries. The new company will help ensure safety and increase convenience for customers in the region.

DENSO Sales South Africa will increase a product lineup mainly for vehicles manufactured by Japanese-affiliated automakers, which account for 40% of vehicle ownership; strengthen the repair service network for car air conditioners and diesel engine parts, etc.; and build an efficient logistics system.

In 2010, DENSO established DENSO Sales Middle East & North Africa FZE in the United Arab Emirates to operate and expand the sale of aftermarket products in the northern part of the African region. Since 2013, DENSO has joined the forces with Smiths Manufacturing to sell aftermarket products and research market needs and structures.

Profile of the new company
1. NameDENSO Sales South Africa (Pty) Limited
2. Head officeIsando Business Park Office E1A, 10 Hulley Road, Kempton Park, Isando, 1609, Gauteng, South Africa
3. PresidentSelvin Konar
4. EstablishmentJune, 2019
5. CapitalZAR 16,300,000
6. Ownership51% owned by DENSO, 49% owned by Smiths Manufacturing (Pty) Limited
7. Business descriptionSelling repair parts and accessories for passenger cars and commercial vehicles and offering services such as repairs
 


Profile of Smiths Manufacturing
1. NameSmiths Manufacturing (Pty) Limited
2. Head office10 Pineside Road, New Germany, 3610, KwaZulu-Natal, South Africa
3. PresidentSelvin Konar
4. EstablishmentApril, 1958
5. Ownership75% owned by METAIR, 25% owned by DENSO
6. Business descriptionManufacturing and selling of automotive components such as car air conditioners and radiators
 

Source :

Posted By : Mohan Sharma on Tue, 16 Jul 2019
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