Latest news with #Nidec
Bloomberg
9 hours ago
- Business
- Bloomberg
Nidec CEO Stresses Compliance in Shift From Fixation on Growth
Nidec Corp. founder Shigenobu Nagamori said the Japanese maker of precision motors is prioritizing compliance, stepping away from a half-century-long focus on profit and growth. The acquisitive company is now teaching employees about the importance of contributing to society, even if that means additional costs, Nagamori said at the annual shareholders' meeting Friday in Kyoto. Nidec earlier this week delayed its submission of its securities report over errors in country-of-origin declarations and unpaid import tariffs at a subsidiary in Italy.
Economic Times
11-06-2025
- Business
- Economic Times
Nidec expands India footprint with launch of Orchard hub manufacturing campus in Hubli, Karnataka
Nidec Corporation ('Nidec'), a global leader in electric motors, generators, renewable energy solutions, and industrial machinery, has officially inaugurated its advanced manufacturing campus, Orchard Hub, in the Kotur-Belur industrial area of Hubli-Dharwad, Karnataka. The event marks the beginning of machinery and equipment installation across all six plants, setting the stage for production to begin later this inauguration ceremony was attended by Mr. M. B. Patil, Honourable Cabinet Minister for Large & Medium Industries and Infrastructure Development, Government of Karnataka, along with Briggs, President of Nidec Motion & Energy. With Tsutomu, Consul General of Japan in Bangalore and Lamy, Consul General of France in Bangalore, also in attendance, the milestone celebrated Orchard Hub's significance at both regional and international levels. The completion of the Orchard Hub campus represents a major milestone in Nidec's ongoing expansion in India. As the company's eighth and largest manufacturing facility in the country, the 50-acre campus highlights Nidec's strong commitment to regional industrial growth and India's wider economic project's groundbreaking ceremony was held in September 2023, and the campus was completed in just 20 months, a testament to meticulous planning and efficient execution. With the inauguration now complete, Nidec will begin the installation of plant machinery and equipment, with production expected to commence later this Orchard Hub campus is poised to become a key manufacturing center serving multiple high-growth sectors, including generators for data centers, wind turbine generators and battery energy storage systems (BESS) for renewable energy, electric vehicle motors, controllers, and EV chargers for clean mobility, as well as high-efficiency motors, drives, and system solutions across various industries. Built on Nidec's 3Q6S lean manufacturing principles and equipped with advanced automation, the facility is committed to delivering world-class products for customers worldwide. Strategically located, the campus is designed to provide innovative solutions and outstanding service to both domestic and global markets. In line with its sustainability goals, Nidec plans to make the Orchard Hub campus carbon-neutral by 2028 through the adoption of solar power, in-house microgrid systems, and BESS technologies. The facility is expected to create over 1,000 direct and 1,000 indirect employment opportunities in the region. Recruitment drives are already underway to hire diploma and ITI students from institutions in and around Hubli-Dharwad, as the company prepares to launch the gathering, Michael Briggs, President of Nidec Motion & Energy, shared his confidence and optimism - 'India's robust economic growth presents exceptional opportunities for forward-thinking companies, and Nidec is proud to be an integral part of this momentum. Under the visionary leadership of our founder, Mr. Shigenobu Nagamori, we continue to expand our presence across the country. Nidec remains deeply committed to India's progress. Mr. Nagamori's visionary leadership has been instrumental in bringing the Orchard Hub to life, demonstrating Nidec's dedication to shaping India's growth story.''With an investment of $55 million, the Orchard Hub project serves as a cornerstone of our 'India for India' and 'India for Exports' strategy. The inauguration of the Orchard Hub Campus marks not only a significant milestone in this endeavour but also a defining chapter in Nidec's journey in India. This facility represents more than an investment in infrastructure; it reflects our commitment to people, innovation, and enduring partnerships. The Orchard Hub stands as a testament to our vision of fostering local innovation, generating employment, and delivering sustainable, zero-emission solutions tailored to India's unique needs.'President and Country Managing Director Girish D Kulkarni added: 'We are proud to establish our new state-of-the-art facility in Hubli, Karnataka, as a testament to our long-term commitment to the Indian market. This campus is not merely a physical space - It represents the future of Nidec in India: a hub for innovation, collaboration, and excellence. This marks an exciting time for all of us, and I extend my heartfelt gratitude to our dedicated teams and to the Government of Karnataka for their unwavering support. We look forward to working together as we continue contributing to the sustainable development of the region.'With the launch of Orchard Hub, Nidec strengthens its global manufacturing footprint while aligning with India's 'Make in India' and 'Atmanirbhar Bharat' initiatives. This development reinforces the company's role in advancing sustainable industrial growth both in India and worldwide. About Nidec Corporation Nidec Corporation is the world's leading electric motor manufacturer with 2024 revenues of over $17 billion. Founded in 1973 and headquartered in Kyoto, Japan, Nidec is a global company comprised of over 300 group companies and 100,000 employees with operations in more than 40 countries. A pioneer in electrification, Nidec is integral as a world-class global technology provider, localised manufacturer, and development partner in industries ranging from information technology, automotive, appliance, commercial, and industrial machinery. Nidec enables positive global change through innovative problem-solving. For more information, visit Nidec's website here. at About Nidec Motion & Energy Nidec Motion & Energy, a Business Unit of Nidec Corporation, is a trusted development partner in multiple high-growth spaces, including industrial automation, vehicle electrification, and electrical infrastructure, providing world-class technology, support, and localised manufacturing to support industry leaders across the globe. With headquarters in St. Louis, Missouri, it employs over 13,000 individuals around the world in more than 40 countries.
Time of India
06-06-2025
- Automotive
- Time of India
Nidec inaugurates new manufacturing Orchard Hub campus in Hubli, Karnataka, celebrates next step in India growth strategy
Nidec Corporation ('Nidec'), the world's leading manufacturer of electric motors, generators, renewable energy solutions, and industrial machinery, proudly inaugurated its cutting-edge manufacturing campus, Orchard Hub, located in the Kotur-Belur Industrial Area of Hubli-Dharwad, Karnataka. The inauguration marks the launch of plant machinery and equipment installation across the six campus plants, paving the way for production to commence later this year. The inauguration ceremony was attended by Mr. M. B. Patil, Honourable Cabinet Minister for Large & Medium Industries and Infrastructure Development, Government of Karnataka, along with Mr. Michael Briggs, President of Nidec Motion & Energy. With Mr. Nakane Tsutomu, Consul General of Japan in Bangalore and Mr. Marc Lamy, Consul General of France in Bangalore, also in attendance, the milestone celebrated Orchard Hub's significance at both regional and international levels. The completion of the Orchard Hub campus is a major achievement in Nidec's commitment to strengthening its presence in India. As Nidec's eighth and largest Indian manufacturing facility, the 50-acre campus underscores Nidec's dedication to supporting the region's industrial development and India's broader economic ambitions. The project's groundbreaking ceremony was held in September 2023, and the campus was completed in just 20 months—a testament to meticulous planning and efficient execution. With the inauguration now complete, Nidec will begin the installation of plant machinery and equipment, with production expected to commence later this year. The Orchard Hub campus will serve multiple high-growth markets as the key manufacturing hub for generators for data centers, wind turbine generators and battery energy storage systems (BESS) for renewable energy, electric vehicle motors, controllers, and EV chargers for clean mobility, and high-efficiency motors, drives, system solutions across various business verticals. Equipped with advanced automation and built on Nidec's 3Q6S lean manufacturing principles, the facility is dedicated to delivering best-in-class products that support customers globally. Strategically located, the campus aims to deliver innovative solutions to both domestic and international markets, with a strong emphasis on exceptional customer service. In line with its sustainability goals, Nidec plans to make the Orchard Hub campus carbon-neutral by 2028 through the adoption of solar power, in-house microgrid systems, and BESS technologies. The facility is expected to create over 1,000 direct and 1,000 indirect employment opportunities in the region. Recruitment drives are already underway to hire diploma and ITI students from institutions in and around Hubli-Dharwad, as the company prepares to launch production. Speaking at the event, Nidec Motion & Energy President Michael Briggs expressed his confidence and optimism: 'India's robust economic growth presents exceptional opportunities for forward-thinking companies, and Nidec is proud to be an integral part of this momentum. Under the visionary leadership of our founder, Mr. Shigenobu Nagamori, we continue to expand our presence across the country. Nidec remains deeply committed to India's progress. Mr. Nagamori's visionary leadership has been instrumental in bringing the Orchard Hub to life, demonstrating Nidec's dedication to shaping India's growth story.' 'With an investment of $55 million, the Orchard Hub project serves as a cornerstone of our 'India for India' and 'India for Exports' strategy. The inauguration of the Orchard Hub Campus marks not only a significant milestone in this endeavour but also a defining chapter in Nidec's journey in India. This facility represents more than an investment in infrastructure; it reflects our commitment to people, innovation, and enduring partnerships. The Orchard Hub stands as a testament to our vision of fostering local innovation, generating employment, and delivering sustainable, zero-emission solutions tailored to India's unique needs.' President and Country Managing Director Girish D Kulkarni added: 'We are proud to establish our new state-of-the-art facility in Hubli, Karnataka, as a testament to our long-term commitment to the Indian market. This campus is not merely a physical space - It represents the future of Nidec in India: a hub for innovation, collaboration, and excellence. This marks an exciting time for all of us, and I extend my heartfelt gratitude to our dedicated teams and to the Government of Karnataka for their unwavering support. We look forward to working together as we continue contributing to the sustainable development of the region.' With the launch of Orchard Hub, Nidec strengthens its global manufacturing footprint while aligning with India's 'Make in India' and 'Atmanirbhar Bharat' initiatives. This development reinforces the company's role in advancing sustainable industrial growth both in India and worldwide. About Nidec Corporation Nidec Corporation is the world's leading electric motor manufacturer with 2024 revenues of over $17B. Founded in 1973 and headquartered in Kyoto, Japan, Nidec is a global company comprised of over 300 group companies and 100,000 employees with operations in more than 40 countries. A pioneer in electrification, Nidec is integral as a world-class global technology provider, localised manufacturer, and development partner in industries ranging from information technology, automotive, appliance, commercial, and industrial machinery. Nidec enables positive global change through innovative problem-solving. For more information, visit Nidec's website About Nidec Motion & Energy Nidec Motion & Energy, a Business Unit of Nidec Corporation, is a trusted development partner in multiple high-growth spaces including industrial automation, vehicle electrification and electrical infrastructure, providing world-class technology, support, and localised manufacturing to support industry leaders across the globe. With headquarters in St. Louis, Missouri, it employs over 13,000 individuals around the world in more than 40 countries. Disclaimer: This article has been produced on behalf of Nidec Industrial Automation India Private Limited by Times Internet's Spotlight team.
Hans India
04-06-2025
- Business
- Hans India
Massive industrial boost for North Karnataka: Rs 600-cr machinery unit in Dharwad to provide 800 jobs
Vijayapura: In a major push towards industrial development in North Karnataka, the state government has inaugurated a state-of-the-art Nidec manufacturing facility in Dharwad, built at a cost of Rs 600 crore. The unit will initially generate employment for 800 people, with a plan to expand to 3,000 jobs once the plant reaches full operational capacity, said Karnataka Industries Minister M.B. Patil in a press interaction in Vijayapura. The new facility incorporates French and Japanese technology, and will manufacture 2, 3, and 4 MW heavy-duty machines tailored to the growing demand from data centre industries. Importantly, the company aims to export these machines to global markets, including the United States and Europe, in addition to supplying within India. The Nidec project is a direct outcome of discussions held with the company during the government's 'Invest Karnataka' initiative and Minister Patil's official visit to Japan. 'This advanced industrial unit is a landmark step in realizing the state government's commitment to industrial decentralization and regional development,' Patil said. He added that the state is offering several incentives under its progressive industrial policy to attract such major investments. Nidec has adopted cutting-edge automation technologies and has committed to sustainable practices. The company plans to become carbon neutral by 2028, making this unit not just a source of employment, but also a model of green industrial development. In addition to boosting manufacturing in Dharwad, Minister Patil revealed that the government plans to set up aviation training centres across Karnataka. 'An aviation training centre will be established in Shivamogga, and another one is planned for Vijayapura in the near future,' he confirmed. These centres will offer career opportunities in the aviation sector, particularly for youth in Tier-2 cities. With the inauguration of the Nidec facility, Karnataka is not only showcasing its ability to attract global industrial giants, but also positioning North Karnataka as a future hub of high-tech manufacturing. This move is expected to transform the employment landscape, drive exports, and solidify Karnataka's position as a leader in industrial innovation and sustainable growth.
Time of India
03-06-2025
- Business
- Time of India
Nidec launches Rs 600cr manufacturing plant in Dharwad
Dharwad: Nidec, a global leader in data centre equipment manufacturing, has set up a new plant with an investment of Rs 600 crore at the Beluru Industrial Area in Dharwad. The facility was officially launched by minister for large and medium industries, MB Patil. Speaking at the event, Patil said the new plant, which creates 800 direct jobs, will cater to the growing demand across sectors such as electric vehicles, data centres, renewable energy, battery storage, and general industries. "This unit will bolster local manufacturing, enhance R&D capabilities, and improve supply chain reliability," he said. The plant will manufacture heavy-duty machines of 2MW, 3MW, and 4MW capacity, essential for data centres, using advanced technology from Japan and France. These machines will be exported to markets in the US, the UAE, and Europe, alongside serving the domestic market. "While the facility has initially generated 800 direct jobs, the number is expected to rise to around 3,000 once the plant becomes fully operational," Patil informed. He also mentioned that 20 acres of land has been allocated for the company's battery solutions unit. In addition to heavy machinery, the plant will also produce power backup generators, wind generators, alternators for data centre, EV motors for three wheelers, four wheelers, trucks, elevator motors, and electronic drives-MV and LV. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Beyond Text Generation: An AI Tool That Helps You Write Better Grammarly Install Now Undo Highlighting the govt's focus on industrial growth in North Karnataka, Patil said the state has introduced several concessions and facilities under its new industrial policy. "For Nidec's project, we ensured timely facilitation by allotting the required land within just two years," he added. Addressing concerns about water usage, the minister clarified, "The Krishna River water tribunal has allocated 4 tmc of water for industrial purposes, of which, we are currently using only 0.5 tmc. We are not diverting water meant for agriculture. Moreover, the industries are provided only downstream water from the Hidkal Dam." He further emphasised the importance of balancing industrial development with agricultural interests. "While acquiring land for industrial purposes, fair compensation must be ensured for farmers. A healthy balance between agriculture and industry is vital," Patil noted. The event saw the participation of Japanese Consul General Nakane Tsutomu, French Consul General Marc Lamy, and senior Nidec officials including Michael Briggs, Greg Garman, and Girish Kulkarni. Caption: Industries Minister MB Patil takes a stroll at newly launched Nidec Company's plant in Belur Industrial Area off Dharwad (TOI)
