KYOTO, Japan, Nov. 11, 2008 (GLOBE NEWSWIRE) -- Nidec Corporation ("Nidec") (NYSE:NJ) announces that one of its subsidiaries, Nidec Brilliant Co., Ltd. ("Nidec Brilliant"), will start building a new plant in Suzhou, China, to produce base plates for computer hard disk drives ("HDD").
1. Objectives
The new plant, which broke ground in Suzhou, China today, is expected to strengthen Nidec Brilliant's existing manufacturing capacity in this province to meet increased demand from HDD manufacturers expanding production in China. The new plant is also intended to further enhance Nidec's internal capacity for HDD base-plate production.
Together with Nidec Brilliant's other base-plate facilities in Thailand and Indonesia, the new plant will work as part of an integrated base-plate production line, ranging from die-casting to machining,?in order to ensure greater stability of supply.
The base plates manufactured at the new plant will be assembled with motors at Nidec's HDD motor factories and supplied to the HDD manufacturers.
2. Outline of the new plant (First stage)
(1)Site area: 37,124 square meters (2)Floor area (first-stage construction): 20,600 square meters (3)Employees: Approx. 1,000 (4)Investments Approx. 3 billion yen (5)Scheduled completion (first-stage construction): March 2009 (6)Scheduled operation launch: April 2009
3. Business plan
The planned production volume at the new plant (first stage) is 2 million units per month, which is expected to double by the end of September 2010. Total production volume upon completion of the third stage construction is expected to reach 10 million per month (The total investment amount is planned to be 7.5 billion yen.)
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