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)
|(1) Name: NIDEC (SHAOGUAN) LIMITED|
|(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%|
|by NIDEC (DONGGUAN) LIMITED|
|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:|
|(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:|
|(12) Expected monthly production volume:|
CONTACT: Nidec Corporation Investor Relations Masahiro Nagayasu, General Manager +81-75-935-6140 firstname.lastname@example.org
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