Nidec Corporation considers potential investment in a new factory in Serbia

Representatives of Nidec Corporation, a Japanese manufacturer of electric motors used in hard-disk drives, electric appliances, automobiles and commercial and manufacturing equipment, visited Serbia to consider opportunities for the construction of a factory in Novi Sad, the city administration said. The potential investment is estimated between EUR 500 million and EUR 1 billion.

Novi Sad is in the 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 informed.

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 as it will add up financial benefits for the state, open jobs and scale up the reputation of the country as an investment destination, Novi Sad mayor Milos Vucevic, said during a meeting with Seki.