Nidec Techno Motor Completes Phase 1 Construction of Fukui Technical Center, and Announces Phase 2 Expansion Plan

Nidec Corporation NJ announced Thursday that one of its subsidiaries and a leading air-conditioning and industrial motor manufacturer, Nidec Techno Motor Corporation ("NTMC"), completed Phase 1 construction of Fukui Technical Center (the "Center") in Obama City, Fukui, Japan in March 2013. The Center began operations in May 2013 and has moved into the planning stage of construction on Phase 2. NTMC is seeing a strong increase in order intake for its air-conditioning motors from China and now set to expand its business into Thailand, India, Turkey, the Middle East, South America, and North America to generate more than 100 billion yen in sales in FY2016. The construction of the Center is intended to bolster NTMC's product development capabilities, a vital part of NTMC initiatives to make all aspects of its operations aligned towards the FY2016 revenue target. The details of the Center are as follows: 1. Overview   Address: 36-1-1 Onyu, Obama City, Fukui, Japan   Lot area: Approx. 45,000 square meters   Operations:   -Development of small- and medium-sized motors for air conditioning systems   -Advanced development of products aimed at global markets and emerging economies   -Design of mass-production lines and technical support for overseas factories     2. Facility scale (Phase 1, March 2013)    Building: Approx. 6,600 square meters   Floor See full press release