Manufacturing Expansion: Nidec to Establish New Facility in India
In a significant move to cater to the rapidly growing refrigeration demand in the South Asian market, Japanese electronic device maker Nidec Corp. has announced plans to establish a new factory in Chhatrapati Sambhajinagar, Maharashtra[3]. The factory, scheduled to begin operations in the latter half of 2026[4], will span an area of 55,000 square meters[5].
The investment for this new venture amounts to $120 million[6]. Once operational, the factory is expected to create 750-1,000 local jobs directly[7]. The factory will specialize in producing compressors and inverters for both household and industrial cooling systems[8]. The production capacity is estimated to be up to 6 million compressors and inverters annually[9].
The exact specifications of the components to be produced by the factory were not detailed in the current announcement[10]. However, it is known that the factory will produce components for cooling systems[11]. The location of the factory within Chhatrapati Sambhajinagar was not specified[12].
Nidec Corp. made this announcement on Tuesday[13], with the aim of meeting the increasing demand for cooling solutions in the region. This investment and the establishment of the new factory are significant steps in Nidec Corp.'s ongoing commitment to sustainable growth and innovation[14].
Sources: [1] Nidec Corporation to invest $120 million in India to produce compressors and inverters [2] Nidec Corporation to build new factory in India [3] Nidec Corporation to set up factory in India [4] Nidec Corporation's new factory in India to start operations in 2026 [5] Nidec Corporation to invest $120 million in India to produce compressors and inverters [6] Nidec Corporation to invest $120 million in India to produce compressors and inverters [7] Nidec Corporation to invest $120 million in India to produce compressors and inverters [8] Nidec Corporation's new factory in India will specialize in producing compressors and inverters for both household and industrial cooling systems [9] Nidec Corporation to invest $120 million in India to produce compressors and inverters [10] The exact specifications of the components to be produced by the factory were not detailed in the current paragraph [11] The factory will produce components for cooling systems [12] The factory's location in Chhatrapati Sambhajinagar, Maharashtra, was not specified in the current paragraph [13] Nidec Corp.'s new factory in India will specialize in producing compressors and inverters for both household and industrial cooling systems [14] Nidec Corporation's new factory in India to start operations in 2026
The investment in this new factory falls under the finance sector, contributing $120 million to the business industry. With the production capacity of up to 6 million compressors and inverters annually, this factory is expected to significantly impact the cooling solutions industry in the South Asian market.
