Latest news with #NidecCorp
30-07-2025
- Business
Nidec to Build New Factory in India
News from Japan Economy Jul 30, 2025 11:53 (JST) Tokyo, July 30 (Jiji Press)--Japan's electronic device maker Nidec Corp. will invest 120 million dollars to set up a new factory in India to meet quickly growing refrigeration demand in the huge South Asian market. The 55,000-square-meter plant will be built in Chhatrapati Sambhajinagar, previously called Aurangabad, in the western state of Maharashtra to produce each year up to 6 million compressors and inverters for both household and industrial cooling systems, Nidec said Tuesday. The new operation, set to begin in the latter half of 2026, will directly create 750-1,000 local jobs, the company added. END [Copyright The Jiji Press, Ltd.] Jiji Press
Bloomberg
16-07-2025
- Automotive
- Bloomberg
Nidec Builds Made-in-China EV Motor to Help Toyota Catch Rivals
Japan's Nidec Corp. is building an almost totally 'made-in-China' electric car motor to help Toyota Motor Corp. compete in the world's largest auto market, according to Chief Executive Officer Mitsuya Kishida. About 99% of the materials and parts in the E-axle motor are from China, said Nidec president Kishida. Building the integrated motor was 'incredibly tough,' he said in an interview last week.
Bloomberg
08-05-2025
- Business
- Bloomberg
Nidec Withdraws $1.8 Billion Hostile Bid for Makino Milling
Nidec Corp. withdrew its ¥257 billion ($1.8 billion) unsolicited tender offer for machine tool maker Makino Milling Machine Co. on Thursday in the face of strong opposition and possible defense measures. The acquisitive maker of precision motors was offering ¥11,000 for each Makino Milling share. The tender began despite Makino's requests for a delay until while it weighs offers from other suitors. The target company, which previously threatened to grant stock acquisition rights to existing shareholders to block the takeover, protested the move, calling it 'deeply regrettable.'
25-04-2025
- Business
Nidec Posts Record Annual Sales, Profit
News from Japan Economy Apr 25, 2025 10:29 (JST) Kyoto, April 25 (Jiji Press)--Nidec Corp. said Thursday that its consolidated sales and net profit both hit a record high in the year that ended in March thanks to strong demand for hard disk drive motors for data center servers for artificial intelligence. The Japanese precision motor maker posted a net profit of 167,688 million yen, up 34.7 pct from the previous year, on sales of 2,607 billion yen, up 11.1 pct. For the year that ends in March 2026, Nidec expects its net profit to jump 19.3 pct to another record of 200 billion yen, though sales are projected to fall 0.3 pct to 2.6 trillion yen. END [Copyright The Jiji Press, Ltd.] Jiji Press
Bloomberg
26-03-2025
- Business
- Bloomberg
Makino Milling's Union Says It's Against Any Takeover by Nidec
Makino Milling Machine Co. 's official labor union reiterated its opposition to Nidec Corp. 's $1.6 billion offer to acquire the machine tool maker, arguing that the business sense of any deal was unclear. Members of the union said in a news conference Wednesday that they remain against a takeover by Kyoto-based Nidec, adding that the maker of precision equipment has failed to allay their concerns about its unsolicited bid initiated in December.
