Nidec Announces Establishment of Two Overseas Subsidiaries


KYOTO, Japan, March 27, 2006 (PRIMEZONE) -- Nidec Corporation (NYSE:NJ) (the "Company") announced today the establishment of new manufacturing subsidiaries in Vietnam and China.

The details are as follows:



 Outline of the new subsidiary in Vietnam

 Company Name:
 Nidec Vietnam Corporation

 Location:
 Lot No. I1-N2, Saigon High-Tech Park,
 Dist 9, Hochiminh City, Vietnam

 Established:
 October 2005

 Paid-in Capital:
 US$11 million (Wholly owned by the Company)

 Board Members:
   Chairman of the Board     Kenji Sawamura
   Vice Chairman             Kunihiko Nishihara
   President                 Takeo Tamura
   Director                  Hiroshi Kobe

 Description of Business:
 Manufacture of fan motors

 Start of Operation:
 June 2006

 Outline of the new subsidiary in China

 Company Name:
 Nidec Automobile Motor (Zhejiang) Corporation

 Location:
 1000 Huanbei 2'nd Rd #65292;Pinghu Economic Development Zone,
 Zhejiang, China

 Established:
 February 2006

 Paid-in Capital:
 US$10 million (70% paid by the Company,
 30% by Nidec (Dalian) Limited)

 Board Members:
   Chairman of the Board     Kenji Sawamura
   President                 Akizumi Chimura
   Director                  Hideyuki Ishii

 Description of Business:
 Manufacture of motors and components for automotive
   applications, including power steering system

 Start of Operation:
 July 2006

The Nidec Corporation logo is available at: http://www.primezone.com/newsroom/prs/?pkgid=1734



            

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