Japanese motor maker invests Php40 billion in PH

Japanese motor maker invests Php40 billion in PH


Good News for the Philippines as a new source of big ticket investment is coming in from Japan.


A known 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.


As per the Department of Trade of Industry (DTI) made a forecast that the expansion will take place in the 3rd quarter of this year.


(photo credit to owner)

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.”


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.


BE YOUR OWN BOSS! Join the most trending Online Negosyo now.


For only 17,888 you can have 5 online shops of various food, health and beauty products, plus Ninja Ion and Coppermask.


Reserve your slots now. Send a message by clicking the button below.


Ask me how, leave me a message in  https://www.facebook.com/siomai.online0212/



What can you say about this?

Share us your thoughts by simply leaving on the comment section below. For more news updates, feel free to visit our site often.

Stay updated with today's relevant news and trends by hitting the LIKE button.


Thanks for dropping by and reading this post.


Report from PDI


Disclaimer: Contributed articles does not reflect the view of THE PH CHRONICLES. This website cannot guarantee the legitimacy of some of the information contributed to us. You may do additional research if you find some information doubtful. No part of this article maybe reproduced without permission from this website.

Post a Comment