Nidec Machine Tool to Launch New Cutting Tool Factory in India to Meet Growing Demand for Automotive and Related Components by Increasing Production Capacity by 1.5 Times
Nidec Machine Tool Corporation (“Nidec Machine Tool” or the “Company”), a group company of Nidec Corporation, today announced that it will construct a new factory for Nidec India Precision Tools Ltd. (“NMTI”), the Company’s cutting tool manufacturer and seller in Ranipet of India’s Tamil Nadu State, to start production on Saturday, July 01. The new factory, with its production capacity 1.5 times