News
DENSO, Toyota Tsusho and Aisin Seiki to Open Wholly-Owned Automotive After-sales Service Store in Cambodia - Will offer high-quality automotive after-sales services in emerging economies -
Nov. 27, 2013
News Release
Denso Corporation
Toyota Tsusho Corporation
Aisin Seiki Co., Ltd.
KARIYA (Japan)― DENSO Corporation,Toyota Tsusho Corporation, and Aisin Seiki Co., Ltd. will jointly open a wholly-owned store in Cambodia that will offer automotive repair and maintenance services, as well as sell related automotive components. The wholly-owned store will start operations in February 2014 with the brand name of "PIT & GO." The company name for the wholly-owned store will be PIT&GO Automotive Service (Cambodia) Co., Ltd.
As the motor vehicle demand in emerging markets, like Asia and Africa are rapidly increasing, there is a growing need for repair, maintenance and other after-sales services for new and used vehicles. To quickly provide high-quality automotive components and services and improve customer satisfaction, Toyota Tsusho, Aisin and DENSO will jointly open a wholly owned store in Cambodia.
To expand its regional service network, PIT&GO will identify qualified stores and designate them as PIT&GO-certified, as well as help them improve their repair skills and store management.
Overview of PIT&GO Automotive Service (Cambodia) Co., Ltd.
| 1. | Name: | PIT&GO Automotive Service (Cambodia) Co., Ltd. |
| 2. | Location: | Phnom Penh, Cambodia, about a 30-minute drive from Phnom Penh International Airport |
| 3. | Ownership: | 51% owed by DENSO International Asia Pte. Ltd.*1, 39% by TOYOTA (CAMBODIA) CO., LTD.*2, and 10% by Aisin Asia Pte. Ltd.*3 |
| 4. | Capital: | US$ 900,000 (approx. 88 million yen) |
| 5. | Start of operations: | February 2014 (planned) |
| 6. | President: | Hidemi Nakagawa from DENSO Corporation |
| 7. | Employees: | Approx. 10 (projected for 2014) |
| 8. | Business description: | Repairing vehicles, selling related components, and providing its certified stores with technical guidance and managerial support |
*1 DENSO's 100% owned regional headquarters in Asia and Oceania, which designs and develops automotive components.
*2 Toyota Tsusho group's 80% owned sole exclusive distributor for all TOYOTA vehicles, Genuine Parts and Quality Service in Cambodia.
*3 AISIN's 100% owned regional sales company in Asia and Oceania, which distributes automotive aftermarket parts and life & amenity products.
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, 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 38 countries and regions (including Japan) and employs more than 130,000 people. Consolidated global sales for the fiscal year ending March 31, 2013, totaled US$38.1 billion.
Toyota Tsusho Corporation, headquartered in Nagoya, Aichi prefecture, Japan, is a general trading company that develops businesses with customers around the world through a global network encompassing Japan and more than 60 other countries and more than 900 consolidated Group companies. Its operations span seven fields headed by seven product divisions. Each division leverages its specialized strengths in their particular field while also pursuing synergies with other divisions to create new value. Consolidated global sales for the fiscal year ending March 31, 2013, totaled US$67 billion.