Nidec Corp mulls Serbian factory site options

Japan's Nidec Corporation, which specialises in electric motors used in hard-disk drives, electric appliances, automobiles and commercial and manufacturing equipment have sent representatives to Novi Sad, Serbia to consider options for a potential factory there.

Nidec Corporation has included Novi Sad in a list of potential locations for the construction of a factory in Europe and a delegation led by the president of the company, Jun Seki, visited the Sever 4 area of the city's industrial zone to study the site, the Novi Sad city government said in a press release on Wednesday.

Novi Sad would provide all needed logistics for the construction of the factory, as the project will have a great importance for the city and for Serbia,  Novi Sad mayor, Milos Vucevic, said during a meeting with Seki.

"In addition to the immediate financial benefits for the state and the opening of jobs, the arrival of a company of that reputation is an exceptional advertisement for our country," Vucevic said.

The Japanese company plans to invest between €500 million and €1 billion in the construction of the factory but has not made a final decision on its location yet, Vucevic said last week.

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