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 Realigns Sales Operations In China

KYOTO, Japan, Feb. 7, 2011 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) (the "Company") today announced that the Company has started realigning its China-based sales subsidiaries (the "Realignment") to lay the foundation for future sales network expansion in China.

The Realignment is intended to streamline the Company's ongoing chain of sales control in China and thereby enable the centralized management of operational information, which the Company expects will allow for more effective planning/rollout of marketing strategies and more responsive customer services.

In this connection, the Company also announced that the Beijing branch of Nidec (Shanghai) International Trading Co., Ltd. has been transformed into a legal entity, whose first sales branch is to be established in Qingdao, China, in March 2011.

1. Nidec (H.K.) Co., Ltd. Repositioned as China Sales Head Office

Nidec (H.K.) Co., Ltd. now supervises and controls the Company's Chinese sales operations as the regional sales head office. Nidec (Shanghai) International Trading Co., Ltd., formerly the Company's directly-owned subsidiary, has become a subsidiary of Nidec (H.K.) Co., Ltd.

2. Establishment of Nidec (Beijing) Co., Ltd.

The former Beijing branch of Nidec (Shanghai) International Trading Co., Ltd. has been incorporated under the name of Nidec (Beijing) Co., Ltd.

Outline of Nidec (Beijing) Co., Ltd.  
Address: B8 21F, T3 Xihuan Plaza, No.1 Xizhimenwai Street, Xicheng District, Beijing, The People's
  Republic of China
Postal Code:  100044
Tel:  +86-10-82418321/+86-10-82418322/+86-10-82418323
Fax: +86-10-58301149
(Located at the same address as Nidec (Shanghai) International Trading Co., Ltd. Beijing Branch <to be closed>)
Date of establishment:  December 3, 2010 (Sales operation commenced on January 1, 2011) 
Representative: Mr. Yu Hirabayashi

3. Planned Establishment of Nidec (Beijing) Co., Ltd. Qingdao Branch

Nidec (Beijing) Co., Ltd. is currently in the process of establishing a sales branch in Qingdao, China, which is being registered under the name of Nidec (Beijing) Co., Ltd. Qingdao Branch.

Outline of Nidec (Beijing) Co., Ltd. Qingdao Branch  
Address:  1508, 15F, No.2 Qingdao Guofazhongxin, No.36 Miaoling Road, Laoshan District,
  Qingdao, Shandong Province, The People's Republic of China
Postal Code:  266061
Tel:  +86 - 532-68721530
Fax:  +86 - 532-68721536
Date of establishment:  March 2011 (planned)
Representative:  Mr. Liu Luo Ke

The Nidec Corporation logo is available at

CONTACT: Masahiro Nagayasu
         General Manager
         Investor Relations

Nidec Corporation

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 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

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