KYOTO, Japan, Oct. 13, 2011 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) (Tokyo/Osaka:6594) (the "Company") announced today an update as of October 13, 2011 on flood damages to its subsidiaries in Thailand. No damages to the Company's employees have been reported so far.
The Company plans to lay out an operation schedule for the currently inoperative factories based on changes in the situation. We apologize for any inconveniences caused by these circumstances and sincerely request your patience and understanding.
The exact amount of damage and the effect of the floods on the Company's performance are yet to be assessed. We will continue to report on any actual or potential impact on the Company's business performance in a prompt manner.
| Company | Factory | Location | Products | Status |
|
Nidec Electronics (Thailand) Co., Ltd. |
Rangsit Factory | Pathumthani Province | Hard disk drive ("HDD") motors | Not inundated, but operations temporarily suspended (Oct. 13 – Oct. 16) |
| Bangkadi Factory | Bangkadi Industrial Park, Pathumthani Province | due to safety concern for employees. | ||
| Rojana Factory | Rojana Industrial Park | Not inundated, but operations temporarily suspended since Oct. 12. | ||
| Ayutthaya Province | Property inundated and operations suspended since Oct. 10. | |||
| Nidec Precision (Thailand) Co., Ltd. | Rojana Factory | Rojana Industrial Park | HDD motor components | Evacuation orders issued across the Industrial Park. |
| Ayutthaya Province | ||||
| Ayutthaya Factory | Wangnoi District | Factory precinct partially inundated and operations temporarily | ||
| Ayutthaya Province | suspended since Oct. 12. | |||
| Nidec Component Technology (Thailand) Co., Ltd. | Saraburi Factory | SIL Industrial Land | HDD base plates | No damages detected and operations remain normal. |
| Saraburi Province | ||||
| Bang Pa-In Factory | Bang Pa-In Industrial Estate | Not inundated, but operations temporarily suspended since Oct. 12. | ||
| Ayutthaya Province | ||||
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