Nidec and NTN to Establish Joint Venture in Thailand
Resource from: CBCC Likes:3043
Oct 27,2005
KYOTO, Japan, Oct. 26, 2005 (PRIMEZONE) -- Nidec Corporation ("Nidec") (NYSE:NJ) (Tokyo, Osaka Stock exchange code 6594) announced today its plan to establish a joint venture in Thailand with NTN Corporation ("NTN") to step up the production of a fluid dynamic bearing unit ("FDB unit"), the core part of the hard-disk-drive ("HDD") motor.
In a move to meet today's fast-growing demand for HDD used in computers and consumer electronics, the world's HDD makers are augmenting their manufacturing capacities in the southeast Asian countries, primarily in Thailand. Given the current development, the new joint venture, tentatively named NTN-NIDEC (THAILAND) CO. LTD., is undertaking the production of FDB units to facilitate Nidec's HDD motor production in tandem with its China-based equivalence, NTN-Nidec (Zhejiang) Corporation. Currently, NTN-Nidec (Zhejiang) Corporation engages exclusively in manufacture of FDB units fitted into Nidec's 3.5-inch HDD motors, using sintered-alloy metal parts supplied by NTN's wholly-owned local subsidiary, NTN manufacturing (Thailand) Co. Ltd.
NTN-NIDEC (THAILAND) CO. LTD. will be established in the Eastern Seaboard Industrial Estate, Rayong, in November 2005, with a production launch scheduled for June 2006. It plans to increase output to 9-10M units per month in or after 2009, expanding the Thailand-China combined capacity up to 15-16M units per month.
Outline of the New Company:
About Fluid Dynamic Bearing (FDB) Unit
Quality characteristic: The FDB unit manufactured by NTN-NIDEC (THAILAND) CO. LTD. uses sintered-alloy metal parts, ensuring superb mass productivity and rotation accuracy, as well as long-term durability and low cost.
The Nidec America Corporation logo can be found at:
http://www.primezone.com/newsroom/prs/?pkgid=1734
(1) Company name: NTN-NIDEC (THAILAND) CO. LTD.
(Tentative)
(2) Description of business: Manufacture and sale of FDB units for
HDD motors
(3) Paid-in Capital: 1.5 billion yen (Planned)
(4) Controlling share: 60% by NTN, 40% by Nidec
(5) Location The Eastern Seaboard Industrial Estate,
Rayong, Thailand
(6) Foundation November 2005 (Planned)
(7) Start of operation June 2006 (Planned)
(8) Land space 21,350 m2 (Planned)
(9) Floor space 11,280 m2 (Planned)
(10) Total Investment 3 billion yen (Planned)
(11) Production plan 3 million units/month in 2006
6 million units/month by 2008
(12) Employees 1,300 (for output capacity of 6 million
units/month)
CONTACT: Nidec Corporation
Hiroshi Toriba
Executive Director
Investor Relations
81-75-935-6140
HIROSHI-TORIBA@notes.nidec.co.jp
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1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
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