This Day On The Street
Continue to site
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 Establishes New Manufacturing Company In Shaoguan, China

KYOTO, Japan, Oct. 28, 2010 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) ("Nidec") today announced that it established a new manufacturing subsidiary, NIDEC (SHAOGUAN) LIMITED ("New Subsidiary"), in Shaoguan, Guangdong Province, China.

1. Objectives of the New Subsidiary

The New Subsidiary manufactures brushless DC motors for cooling fans and optical disk drives in collaboration with Nidec (Dongguan) Limited, which was established in Dongguan, Guangdong province in 2002. Located in the same province, the two companies aim to strengthen Nidec's manufacturing operations in the rapidly developing southern China.

2. Outline of the New Subsidiary (including plans)
(2) Address: HuangHuaYuan Industrial Zone, Shixing County, Shaoguan City,
Guangdong Prov., The People's Republic of China
(3) Date of establishment:
October 10, 2010
(4) Capital: $5,000,000 (25% invested by Nidec Corporation, and 75%
(5)  Representatives:
Mr. Norimasa Goto: Chairman
Mr. Yutaka Matsui: Vice Chairman
Yukio Serizawa: President
(6) Business: Manufacturing of fan motors and ODD brushless DC motors
(7) Expected starting date:
November 2010
(8) Site area: 50,000 sq m
(9) Gross floor area of the factory:
28,000 sq m
(10) Number of floors:
South Blg – three floors; and North Bldg. – three floors
(11) Number of employees:
3,000 people
(12) Expected monthly production volume:
9,000,000 units

The Nidec Corporation logo is available at

Disclaimer/Forward-looking Statements

This press release material contains forward-looking statements including expectations, judgments, 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.
CONTACT:  Nidec Corporation
          Investor Relations
          Masahiro Nagayasu, General Manager

Nidec Corporation

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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.24 0.00%
FB $117.81 0.00%
GOOG $701.43 0.00%
TSLA $211.53 0.00%
YHOO $36.94 0.00%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs