Nidec Holds an Function to Announce Its Choice to Open New Factories and Launch of Business in Serbia

KYOTO, Japan, April 12, 2021 (Globe NEWSWIRE) — Nidec Company (TSE: 6594 OTC US: NJDCY) (the “Company” or “Nidec”) these days introduced that it has made a decision to open new factories in the city of Novi Unhappy in the Republic of Serbia (“Serbia”), and that it has held an event to announce the start of organization in the nation.

1. The occasion to announce the launch of business in Serbia

At today’s celebration, held at the place of work of president, Serbia, and attended by President Aleksandar Vučić, Mayor Miloš Vučević of Novi Unfortunate, and Japanese Ambassador to Serbia Takahiko Katsumata, amongst others, the Organization introduced its program to launch business enterprise in Serbia.

Yesterday, on April 8, the Corporation held a ceremony to open up a new business enterprise place of work in Novi Unhappy to begin preparations to begin up the factories in complete scale. On the exact same day, the Company finished the execution of a strategic alliance settlement with the College of Novi Unhappy, to actively interact in, amid other pursuits, technological exchanges by using industry-academia partnerships.

2. Functions foremost up to the idea of launching new company bases

In Europe, in which environmental rules and major countries’ auto CO₂ emission laws are getting to be ever more stricter, need is increasing for automotive motors and connected items, and for higher-effectiveness brushless DC motors for dwelling appliance corporations.

Under the situation, to build an productive program to offer the aforementioned and other products in Europe, the Business designs to open up new factories in Serbia (i) to consolidate the Nidec Group’s creation activities in East European region, and (ii) for Nidec’s Automotive Motor & Digital Control Enterprise Device and team organizations to start several firms in the long term.

Whilst the Company’s multiple companies will be operated at the very same web sites to look for synergies by sharing the exact generation infrastructure and back again-business office, the new organization bases will have interaction in, between many others, supplying goods to the European market, though hunting to structure and build products and solutions locally in Serbia, a country plentiful in folks in the fields of science and engineering who are fluent in English.

Tale proceeds

This latest launch of company in Serbia matches the Western Balkans Cooperation Initiative that the Japanese governing administration is at this time advertising and marketing in Serbia and other international locations, and gets large aid from the governments of Japan and Serbia.

In the past, the Corporation recognized an financial advancement zone in the town of Pinghu, China, for several enterprises, and the site is now house to 12 this sort of businesses that produce, develop, and market their goods, enhancing the Company’s existence in the Chinese sector. Now, in Europe, as portion of its progress strategy based on synergies in just the Nidec Team, the Firm is poised to utilize its new business enterprise bases in Serbia as the main hub of Nidec’s European business.

3-1. Define of the Company’s new company and manufacturing unit in Serbia
(1) Organization name: Nidec Electrical Motor Serbia LLC
(2) Principal business: Production and income of automotive motors and similar merchandise
(3) Design internet site: The metropolis of Novi Unfortunate (roughly 90km northwest of cash Belgrade)
(4) Workforce: 1,000 individuals
(5) Whole website place: 59,760m²
(6) Foundation: January 22, 2021
(7) Begin of construction: September 2021 (system)
(8) Completion: Mid-2022 (approach)

3-2. Define of Nidec Elesys’s new business and manufacturing facility in Serbia
(1) Enterprise name: Nidec Elesys Europe LLC
(2) Principal company: Producing and income of automotive inverters and ECUs
(3) Design internet site: The city of Novi Unhappy (roughly 90km northwest of money Belgrade)
(4) Workforce: 200 persons
(5) Complete web site location: 36,000m²
(6) Foundation: January 28, 2021
(7) Get started of construction: September 2021 (strategy)
(8) Completion: Mid-2022 (approach)
(9) For inquiries, make sure you speak to: Yasunari Shirakawa, Common Supervisor, Typical Affairs Section, Utsunomiya Workplace, Nidec Elesys Company
Tel.: +81-28-662-5941

Make contact with:
Masahiro Nagayasu
Basic Supervisor
Investor Relations
+81-75-935-6140
[email protected]