Computer Hard-Disc Drive (HDD) Manufacturing

ScreenHunter_1180 Jan. 24 10.34KYOTO, Japan, Feb. 7, 2010 (GLOBE NEWSWIRE) — Nidec Corporation (NYSE:NJ) (“Nidec”) today announced that its consolidated subsidiary, Nidec Electronics (Thailand) Co., Ltd. (“NET”), has agreed with Salee Industry Public Company Limited in Thailand (“Salee”) to acquire the shares of SC WADO Co., Ltd. (“SC WADO”), a manufacturer of base plates, that Salee owns, representing 75% of the outstanding shares of SC WADO, for THB 72 million (approximately JY 190 million), and entered into a share purchase agreement with Salee on February 8, 2010. Through this transaction, Nidec intends to secure a steady supply of base plates, which are a major component of spindle motors, to meet the increasing demand for spindle motors for hard disc drives (“HDDs”). NET currently purchases from SC WADO 600,000 base plates for 3.5-inch HDDs and 300,000 base plates for 2.5-inch HDDs on a monthly basis.

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