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VietNamNews

Japanese firm NIDEC to expand VN venture

Update: December, 23/2013 - 08:52
Leading Japanese motor manufacturer NIDEC Corporation will expand its business in Viet Nam and increase its investment to over U$1 billion, from $600 million currently.— Photo cesti

HA NOI (VNS)— Leading Japanese motor manufacturer NIDEC Corporation will expand its business in Viet Nam and increase its investment to over U$1 billion, from $600 million currently.

According to NIDEC chairman Shigenobu Nagamori, the firm will set up five additional subsidiaries in Viet Nam, with the goal of not only turning the country into a manufacturing hub, but also a leading technology research centre in the region.

Within its business strategy including a vision for the next 50 to 100 years, the firm will bring the latest technology to Viet Nam, while extending its operation beyond production, to research and development (R&D) activities, as well as building a distribution network. — VNS


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