Japan’s Denso Corporation has entered into a joint venture with Chinese-based refrigerated equipment manufacturer, Kingtec.
According to Denso, the joint venture company, Guangdong Kingtec Denao Refrigeration Equipment, will develop refrigerated systems and other products for trucks and trailers. In addition, the company will also explore the possibility of providing products for storage and other services needed for transportation.
“The purpose of the joint venture is to combine Kingtec’s diversified product line and cost competitiveness with Denso’s outstanding technologies and unparalleled quality,” the company said in a statement.
“This will enable DENSO to strengthen its refrigerator development and sales and contribute to improving food safety and reliability in China, as well as acquire the foothold it needs to expand its cold chain business worldwide.”
The new joint venture was on full display at the recent International Truck, Trailer & Equipment Show in Melbourne, Australia. Kingtec will be the Australian and New Zealand distributor for the DK Thermal product.
“DK Thermal is a 50/50 Joint Venture merging Denso Corporation, which has specialised in automotive technology and refrigeration for decades, and Kingtec, which is China’s largest transport refrigeration company,” said Johan Holmstrom, Director of Kingtec in Australia.
“Over the next 12 months, DK Thermal will be testing new units in Australia…it’s truly an exciting time for the transport refrigeration scene in Australia and New Zealand, because the size and scope of Denso is just astounding. If you want to talk companies that are ‘bigger than Ben Hur’, Denso is definitely one of them. It’s bigger than any Australian company, and along with its size it has a really solid reputation for automotive electronic excellence.”