# Neotis signs KRW 11B shaft supply deal with Nidec

Neotis announced a contract to supply shafts for automotive motors to Chinese auto parts company Nidec, valued at KRW 11.015 billion, representing 25.3% of its 2017 revenue. The contract runs until December 31, 2026.

- Type: Contract
- Announced: 2019-03-18
- Where: South Korea
- Value: $9.80M (11.0B KRW)
- Status: announced
- Products: automotive motor shafts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Neotis](https://endata.com/companies/38072.md)
- [Nidec](https://endata.com/companies/1321.md) (customer)

## Sources

- [biz.heraldcorp.com](https://biz.heraldcorp.com/article/1945295), 2019-03-18: "네오티스는 중국 자동차 부품업체 NIDEC과 해외 자동차 모터용 샤프트 공급계약을 체결했다고 18일 공시했다."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.