This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Nidec To Construct New R&D Facility In Kawasaki, Japan

KYOTO, Japan, Jan. 7, 2011 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) (the "Company") today announced its plan to build a new research and development facility, Nidec Research and Development Center ("New R&D Center"), in Kawasaki City, Kanagawa, Japan, for which land purchase has been completed recently.

The establishment of the New R&D Center comes in line with the Company's corporate vision of becoming the world's number one drive technology company for "spinning and moving products." The Company's product development efforts today encompass essentially all electric motor platforms, ranging from small, medium to large motors. As the backbone of the Company's product development activities, the New R&D Center is intended to bring the Company closer to the realization of its corporate vision by exploring drive technologies from broader perspectives and thereby performing the world's highest level of basic and applied research.

The New R&D Center will play a key role in:

- enhancing basic research capabilities that underpin the Company's future growth; - fostering applied technologies that create high value-added products well-matched to ever evolving market needs; - promoting technical synergy between the Company and its subsidiaries worldwide, and - nurturing world-class, highly capable engineers.

The New R&D Center will attach particular importance to energy/resource-saving technologies, new motor structures, electronic control circuits and simulation technologies, to drive forward the Company's ongoing initiatives in establishing new core businesses and achieving share gains in the global automotive, home appliance and industrial motor markets.

The New R&D Center ultimately aims to expand and enrich the Company's technological base that enables unique and inimitable products truly worthy of being called "the world's first and finest."

Outline of the New R&D Center

(1) Facility name

Nidec Research and Development Center

(2) Building outline

(i)    Address: Shin-Kawasaki (A Section), Saiwai-ku, Kawasaki-shi, Kanagawa

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,959.44 +154.64 0.87%
S&P 500 2,078.54 +7.89 0.38%
NASDAQ 4,781.4240 +16.0440 0.34%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs