NIDEC invests in Bintan

NIDEC invests in Bintan

SINGAPORE (Reuters): Osaka-listed NIDEC Corp is investing
US$15 million in a production facility at the Bintan Industrial
Estate (BIE) in Indonesia, BIE said on Monday.

It said NIDEC. a manufacturer of spindle motors for hard disk
drives, was expanding its Singapore operations to Bintan, an
Indonesian island near Singapore.

The Bintan plant would produce bracket and hub assemblies, BIE
said in a statement.

It said NIDEC would lease four semi-detached factory units
with a total built-in space of 4,400 sq m. Production would start
in February 1997.

NIDEC plans to employ 1,000 workers and targets a sales
turnover of $17 million by the first quarter of 1999, the
statement said.