This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Nidec To Establish Five Sales Branches In Inland China

KYOTO, Japan, Oct. 5, 2010 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ), the "Company" or "Nidec") today announced the establishment of 5 new sales branches in China, respectively located in Chonqing, Chengdu, Wuhan, Changchun, and Zhengzhou, as part of its efforts to expand sales in the Chinese market. These additions now bring the total number of Nidec's sales operations units in the Chinese economic area to 12 (four sales companies and eight branches), significantly broadening the Company's sales network in eastern Asia.

Objectives of Establishing New Sales Branches

The new sales branches aim to strengthen Nidec's sales presence in the fast-growing inland China.

China's five inland cities: Chonqing, Chengdu, Wuhan, Changchun, and Zhengzhou, are known as rapidly advancing R&D and manufacturing centers for various information telecommunications equipment, home appliances and automobiles. The central role of the Company's new sales branches is twofold: building solid relationships with growing Chinese customers, and preparing the path for our existing customers to move their operations to inland China.

In the meantime, Nidec intends to accelerate management localization for its China operations, providing equal employment and promotion opportunities to capable individuals regardless of gender or age.

Outline of New Sales Branches

1. ChongQing Branch
(1) Name: NIDEC (SHENZHEN) OFFICE CO, LTD.
  ChongQing Branch
(2) Address & contact information:  
  1202A, Metropolitan Tower, NO. 68 Zourong Road, Central District, Chonqing,
  The People's Republic of China
  Postal Code: 400010
Telephone: +86 (023) 89036970
Fax: +86 (023) 89036823
(3) Date of establishment:  
  September 07, 2010
(4) Representative:  
  Mr. Taku Kubota (full-time)

2. ChengDu Branch
(1) Name: NIDEC (SHENZHEN) OFFICE CO, LTD.
  ChengDu Branch
(2) Address & contact information:  
  38-05, Huamin Empire Plaza, No. 1 Fuxing Street, Chengdu City, Sichuan Prov.,
  The People's Republic of China
  Postal Code: 6100016
Telephone: +86 (028) 65312137
Tax: +86 (028) 65312139
(3) Date of establishment:  
  September 06, 2010
(4)  Representative:  
  Mr. Norimitsu Matsuura (full-time)

3. WuHan Branch
(1) Name: Nidec (Shanghai) International Trading Co., Ltd.
  WuHan Branch
(2) Address & contact information: Room 503 B, Doughe Center, Hanyang District, Wuhan
  Economic & Technological Development Zone, Wuhan City, Hubei Prov., The
  People's Republic of China
  Postal Code: 4300056
Telephone: +86 (027) 84951322
Fax: +86 (027) 84951325
(3) Date of establishment:  
  August 12, 2010
(4) Representative:  
  Mr. Yuan Li (full-time)

4. ChangChun Branch
(1) Name: Nidec (Shanghai) International Trading Co., Ltd.
  ChangChun Branch
(2) Address & contact information:  
  Room 12&13 17 th, A Tower Tonggang International Block, No. 3218 Yatai Street
  Nanguan District, Changchun City, Jilin Prov., The People's Republic of China
  Postal Code: 130022
Telephone: +81 (0431) 88625707
Fax: +81 (0431) 88625708
(3) Date of establishment:  
  September 06, 2010
(4) Representative:  
  Mr. Yuan Yi (also a Deputy GM at Nidec (Shanghai) International Trading Co., Ltd.)

5. ZhengZhou Branch
(1) Name: Nidec (Shanghai) International Trading Co., Ltd.
(2) Address & contact information: ZhengZhou Branch
  Room 1215, No. 12 Century Fenghui Building, Zhengzhou City, Henan Prov., The
  People's Republic of China
Telephone: +86 (0371) 69316618
Fax: +86 (0371) 69316618
(3) Date of establishment:  
  September 13, 2010
(4) Mr. Liu Wenjin (full-time)  

Disclaimer/Forward-looking Statements

This press release material contains forward-looking statements including expectations, judgements, plans, and strategies. The forward-looking statements are based on management's assumptions and belief in light of the information currently available. Certain risks, uncertainties and other factors could cause actual results to differ materially from those discussed in the forward-looking statements. Such factors include, but are not limited to: fluctuation of currency exchange rates, overall supply and customer demand in the motor industry, product development and production capabilities, performance of affiliated companies, and other risks and uncertainties. Nidec undertakes no obligation to update forward-looking statements to reflect events or circumstances that occur after the date the statements are made.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,564.32 -119.26 -0.67%
S&P 500 2,054.97 -13.79 -0.67%
NASDAQ 4,927.1360 -64.8040 -1.30%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs