KYOTO, Japan, Oct. 28, 2010 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) ("Nidec") today announced that it established a new manufacturing subsidiary, NIDEC (SHAOGUAN) LIMITED ("New Subsidiary"), in Shaoguan, Guangdong Province, China.
1. Objectives of the New Subsidiary
The New Subsidiary manufactures brushless DC motors for cooling fans and optical disk drives in collaboration with Nidec (Dongguan) Limited, which was established in Dongguan, Guangdong province in 2002. Located in the same province, the two companies aim to strengthen Nidec's manufacturing operations in the rapidly developing southern China.
2. Outline of the New Subsidiary (including plans)
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This press release material contains forward-looking statements including expectations, judgments, plans, and strategies. The forward-looking statements are based on management's assumptions and belief in light of the information currently available. Certain risks, uncertainties and other factors could cause actual results to differ materially from those discussed in the forward-looking statements. Such factors include, but are not limited to: fluctuation of currency exchange rates, overall supply and customer demand in the motor industry, product development and production capabilities, performance of affiliated companies, and other risks and uncertainties. Nidec undertakes no obligation to update forward-looking statements to reflect events or circumstances that occur after the date the statements are made.
CONTACT: Nidec Corporation Investor Relations Masahiro Nagayasu, General Manager +81-75-935-6140 firstname.lastname@example.org