Nidec Expands with Broadened Products from Acquisitions & New Motor Plants in India, Serbia
Motor manufacturer Nidec has made significant expansions to its capabilities recently through two corporate acquisitions plus adding new manufacturing plants in India and Serbia. All involve various degrees of magnetic technology and add new dimensions to Nidec’s market presence. It has:
acquired Houma Armature, a motor and generator service company in the USA;
acquired Midori Precisions, a producer of potentiometers and encoders in Japan;
opened two new factories in Serbia to meet growing demand for automotive motors and inverters in Europe while establishing a center for a cluster of future manufacturing operations;
added a new manufacturing plant in India for producing e-bike motors.
In December, it held an opening ceremony for the new, second building of its existing factory in Neemrana, India where it will now manufacture drive motors for electric bikes with an output of 30kW or less. The existing factory produces automotive, appliance, commercial, and industrial motors. Global sales of electric two-wheel vehicles are expected to grow from 2.6 million units in 2020 to 13 million units in 2030. Nidec plans to tap into the demand by manufacturing 90,000 e-bike motors per month at the factory. […]
