Japan's Denso to invest at least $290 mln for plant in China's Guangzhou -Xinhua

Credit: REUTERS/Siu Chiu

Japanese auto component supplier Denso Corp will invest at least 2 billion yuan ($290 million) to build a plant in Guangzhou, China's official news agency Xinhua reported.

BEIJING, May 27 (Reuters) - Japanese auto component supplier Denso Corp 6902.T will invest at least 2 billion yuan ($290 million) to build a plant in Guangzhou, China's official news agency Xinhua reported.

Construction on the project will start on June 28 and operations are planned to start in 2021, Xinhua said.

($1 = 6.8959 Chinese yuan)

(Reporting by Beijing Monitoring Desk; Editing by Himani Sarkar)

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More