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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Nidec To Set Up Its First Manufacturing Foothold In India

KYOTO, Japan, June 4, 2014 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) (the "Company") today announced that one of its subsidiaries, Nidec India Private Limited, plans to construct its manufacturing factory in the Neemrana Industrial Area, Rajasthan Province, India (the "Neemrana Factory").

India, whose population is expected to become the world's largest in the next few decades, not only exhibits huge market potential but also provides an abundance of prospective labor force, with people aged 25 and under representing 47% of its population and producing 1.5 million university-educated engineers every year. The Company seeks to gain ground in the burgeoning Indian electric motor market, comparable in size to that of Europe, by building local capacity for the design and manufacturing of its motor drive products used in automotive, appliance, commercial and industrial applications. As a cornerstone of the Nidec Group's market entry strategies aimed at establishing a strong presence in India, the Neemrana Factory will start out with production lines of the Company's two business divisions, namely Automotive Motor & Electronic Control (AMEC) and General Application Motor & Solutions (GAMS), and one consolidated subsidiary, Nidec Techno Motor Corporation. Manufacturing operations at the Neemrana Factory will benefit from the sharing of production infrastructure available under the joint production environment and will gain broad flexibility in localizing product development efforts and internalizing manufacturing processes, supplemented by low-cost automation and lean manufacturing methods.

The Company expects the Neemrana Factory to serve as a springboard for expanding the Nidec Group's global reach beyond the Indian domestic market into other untapped geographic markets, including the Middle East.

Outline of the Neemrana Factory

(1) Factory name: Nidec India Private Limited
(2) Line of business: Manufacturing and sales of automotive, appliance, commercial, and industrial motors
(3) Total investment in factory construction, facility purchase, etc.: Approx. 10 billion yen
(4) Location: Neemrana Industrial Area, Rajasthan Province, India (approx. 100km south of New Delhi)
(5) Number of employees: 1,500 (up to 5,000 after the completion of the second-phase construction)
(6) Total site area: 121,410 square meters
(7) Structure: Factory (steel construction) and office building (reinforced concrete)
(8) Total floor space, Phase 1: 15,820 square meters
(9) Total floor space, Phase 2: Approx. 16,000 square meters (tentative)
(10) Start of Phase 1 construction: May 2014
(11) Completion of Phase 1 construction: March 2015 (tentative)
(12) Start of production: April 2015 (tentative)
CONTACT: Masahiro Nagayasu
         General Manager
         Investor Relations

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

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
Try it NOW
Try it NOW
Try it NOW
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 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

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