KYOTO, Japan (July 31, 2014) – Nidec Corporation announced that one of its consolidated subsidiaries, Nidec Tosok Corporation, completed the purchase of land in the state of San Luis Potosi, Mexico, for a planned construction of NIDEC TOSOK de MEXICO, S.A. de C.V. established in May 2014. The new company slated for construction will mainly undertake the manufacture of automatic transmission control valves targeted at the North American automobile market.
Nidec Tosok expects the new company to capitalize on broad competitive advantages provided by San Luis Potosi, including proximity to global automakers and their supply-chain participants serving the North American automobile market. The construction of the new company is part of an initiative aligned with Nidec Group's region-specific market approach that positions Mexico as the key North American production center under its global manufacturing framework.
Nidec Tosok provides solutions that help the evolution of the automobile and manufacturing industries.