|By JCN Newswire||
|August 31, 2012 10:58 AM EDT||
The motorcycle industry in Pakistan expects a strong growth. The new company will utilize Atlas Group's abundant business expertise in the country and DENSO's technologies for motorcycle parts, to produce products that meet the market needs in Pakistan.
The signing ceremony was held at Atlas Group office, Federation House, Karachi where Mr. Yusuf H. Shirazi, the Chairman Atlas Group, and Mr. Michio Adachi, the Senior Executive Director of DENSO Corporation inked the agreement.
Both Atlas Group and DENSO are renowned names in the manufacturing and marketing of auto products. Atlas Group is best known for manufacturing and marketing of motorcycles and cars in collaboration with Honda Motor Company, Japan. It also manufactures various hi-tech components in-house in technical collaboration with leading components manufacturers including DENSO. DENSO is the leading supplier of advanced automotive technologies, systems and components for the world's major automakers and two-wheeler vehicles and has operations in over 30 countries around the world.
The venture marks a significant milestone in the collaboration between two Companies as it cements an already excellent co-operation between the two partners.
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electric, electronics and information and safety. Its customers include all the world's major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 35 countries and regions (including Japan) and employs over 120,000 people. Consolidated global sales for the fiscal year ending March 31, 2012, totaled US$38.4 billion. Last fiscal year, DENSO spent 9.5 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.
Atlas Group Finance and Legal Affairs Kashif Yaseen Phone: +92-21-32575561 Kashif.email@example.com DENSO Corporation Corporate Communications Div. Goro Kanemasu Phone: +81-566-25-5594 firstname.lastname@example.org
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