Nidec to Establish New Manufacturing Facility in India
Nidec Corp. Announces New Factory in India
Japan's leading electronic device manufacturer, Nidec Corp., has announced plans to invest $120 million in establishing a new factory in India. The factory, scheduled to begin operations in the latter half of 2026, will be located in Chhatrapati Sambhajinagar, Maharashtra, covering an area of 55,000 square meters.
The new factory will primarily focus on the production of compressors and inverters for refrigeration systems. With an estimated production capacity of up to 6 million units annually, it aims to cater to both household and industrial cooling systems. This expansion is part of Nidec Corp.'s strategy to expand its global footprint and meet the growing demand for refrigeration in the South Asian market.
The factory is expected to create 750-1,000 local jobs directly, contributing significantly to the Indian economy and the refrigeration market. Moreover, the production from the new factory is anticipated to support the demand for refrigeration systems not only in India but also in the global market.
This investment is a testament to Nidec Corp.'s commitment to sustainable growth and its confidence in the Indian market. The company looks forward to contributing to the country's industrial development while providing high-quality products to consumers.
[1] Source: Nidec Corp. press release, Tuesday.
- The new factory, a part of Nidec Corp.'s strategy to expand globally, will be investing in the manufacturing industry in India, producing compressors and inverters for the finance sector, specifically catering to the business of cooling systems.
- The anticipated production capacity of up to 6 million units annually from the new factory will not only boost the Indian economy but also the global market, as the demand for refrigeration systems will be supported by the factory's output.
