Japanese motor maker invests Php40 billion in PH

World leader in the production of motors as seen in automobiles, hard disk drives, and consumer and industrial gears, Nidec, is investing Php40 billion in a new facility that will boost its exports to major markets, like the United States and the European Union.

The expansion is forecasted to take place in the third quarter of this year, according to a statement released by the Department of Trade Industry (DTI).

Following large demand in the global market, the expanded project centers around “strain wave gears” with the intent of enhancing output by 50,000 units per month. For a combined total of 80,000 units per month, the massive volume will be distributed across Brazil, China, India, and Korea, in addition to the US and EU, which will then be used for the generation of an electric power system called “harmonic system.”

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Spanning a land area of more than 35,000 square feet, the new facility will complement the company’s existing 3.5-hectare production space. Consequently, an additional 400 new jobs were created as a result of the upgrade, effectively bringing Nidec’s overall employees to 1,000 people.

A company that has been in operation in the Philippines since 1995 through two factories (one in Laguna and another in Subic), Nidec has been making a broader reach to high-tech gears that are used in robotics, aerospace, and solar tracking industries. Before this move, the Japanese firm was mainly devoted to the creation of spindle motors used in hard disk drives.

Source: Inquirer