Nidec Corporation held an opening ceremony for two new automotive products factories in Novi Sad May 18, with the company noting that 1,200 will be employed for only the first phase of factory construction.
The investment, which is slated to total approximately USD 1.5 bln, includes one site that comprises a total site area of 59,760 square meters and a second site of approximately 36,000 square meters, according to a company press release. The two factories will produce automotive parts, as well as inverters and ECUs for automobiles.
“In response to the tightening of environmental regulations in Europe and stricter CO2 emission regulations for automobiles in major countries, the demand for our automotive motors and inverters and ECUs is expanding, and in order to build an efficient supply system in Europe, new factories are to be established in Serbia as a centralized base for the Nidec Group’s production activities, and multiple businesses of the Group companies are scheduled to expand into the local area in the future,” he company said in a press release.
“This project is also in line with the ‘Western Balkans Cooperation Initiative’ that the Japanese government is working on in Serbia and other regions, and we have received a great deal of support from both the governments of Serbia,” the company added.
The opening ceremony was attended by President Aleksandar Serbia and Tetsuya Tsubota, the charge d’affaires for the Embassy of Japan, as well as by Mitsuya Kishida, senior managing executive officer, Nidec Corporation; Takashi Furuhashi, president and CEO, Nidec Elesys Co., Ltd; Toshiki Saito, chairman and executive officer, Nidec Elesys Co., Ltd. president, Nidec Elesys Europe and Yasuki Kawasaka, president, Nidec Electric Motor Serbia Co., Ltd.
Nidec also stated that “with the future view of mass production of the ‘E-Axle’ traction motor system for electric vehicles in Europe, we are also promoting activities to attract suppliers and we will build an industrial cluster of automotive motors for the European market.”
Photo courtesy of Nidec.
