Nidec invests $80m to double gear reducer plant in Philippines

Nidec is investing 10 billion yen (about $80 million) to double the size of its Nidec-Shimpo production plant in Luzon, Philippines, boosting gear reducer capacity from 30,000 to 80,000 units per month by 2025 and adding 400 jobs.

“Nidec is investing 10 billion yen (around $80m) to double the size of a manufacturing facility in the Philippines where it produces gear reducers – especially, strainwave gears.”drivesncontrols.com

• 1 source
• drivesncontrols.comNidec invests $80m to take lead in strainwave gears - Drives&ControlsdrivesApr 19, 2022

Summarized from public sources; check the original articles before acting on it.