DENSO Plans Jeffersonville, Indiana, Distribution Hub
The Japan-based company will invest more than $9.5 million to lease and equip 312,000 square feet of warehouse space at 301 Logistics Ave. in the River Ridge Commerce Center in Jeffersonville.
The new facility will help DENSO achieve higher fill rates, manage efficient inventory, control costs and meet growth targets. The company plans to invest $3 million in new technology, including warehouse management software to control inventory, optimize supply chain management and enhance customer service.
“With our distribution strategy, we are embracing innovation to build the future of mobility. The center in Jeffersonville is strategically located to help meet the rising demand for DENSO’s top-quality replacement auto parts in the Northeast and Midwest,” said Kazu Yanagawa, vice president of DENSO’s Supply Chain Management Group. “This new distribution center gives us next-day ground transportation access to the entire region.”
The Indiana Economic Development Corporation offered DENSO Products and Services Americas Inc. up to $325,000 in conditional tax credits and up to $50,000 in training grants based on the company’s job creation plans. These incentives are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives.
In addition the city of Jeffersonville will offer additional incentives to the company at the request of One Southern Indiana, and Duke Energy has approved incentives to offset a portion of the energy costs.
"Indiana's central location, pro-business environment and talented workforce continue to attract companies from around the world," said Jim Schellinger, Indiana Secretary of Commerce. "The cultural and economic relationships between Indiana and Japan run deep, and DENSO's expansion to Indiana will further solidify our partnership and strengthen the network of nearly 300 Japanese businesses operating here and creating quality job opportunities for Hoosiers.”
“The city of Jeffersonville is pleased to welcome another nationally known corporation into our business community,” said Jeffersonville Mayor Mike Moore. “DENSO will complement our city’s growing international business base, providing our citizens with meaningful employment while enhancing Jeffersonville’s reputation as an enterprising community with business solutions for top companies. The city of Jeffersonville looks forward to working with DENSO to ensure its success.”
Dollar General Plans Walton, Kentucky Distribution Center and Bowling Green Cold Storage Hub
2019 Leading Metro Locations: Pacific and South-Atlantic Metros Dominate the List
2019 Top States for Doing Business: Georgia Ranks #1 Sixth Year in a Row
Site Selection 2020: The Importance of “Regional Depth” with Global Reach
A Heightened Focus on Reshoring
How are Uncertain Times Altering Company Location Strategies?
34th Annual Corporate Survey & the 16th Annual Consultants Survey