Japanese Nidec Opens Electric Motor Factory in Novi Sad

The Japanese company Nidec (Nidec Electric Motor Serbia and Nidec Elesys Europe) today opened a factory of electric motors for vehicles in Novi Sad, and the Government of Serbia had provided a subsidy of EUR 8.9 million for that investment, worth around EUR 250 million. In the first phase, 250 workers will be employed, and later on over 1,000.

The foundation stone for the factory was laid down in July last year.

The opening of the factory was attended by the president of Serbia, Aleksandar Vucic, ministers at the Government of Serbia, as well as representatives of the Japanese company and the city of Novi Sad.

Vucic said that bringing Japanese investments was of utmost importance for Serbia, not just because of the employment of a large number of people and new technologies, but also because it was a push forward in terms of the future cooperation of the two countries.

– To us, Japan is a very important partner, the annual trade between our countries amounts to EUR 320 million – Vucic said and added that it was important for Nidec to continue with other phases of investments in Serbia.

He pointed out that Serbia needed to strengthen its technical faculties, because of foreign investors’ interest in the future staff educated there.

The investment in Serbia, as Nidec announced earlier, is part of the company’s long-term strategy, and launching the factory in Novi Sad is the first step toward the forming of the European industrial park Nidec.

Nidec, founded 50 years ago, is among the leaders when it comes to the production of electric motors, with the highest share in the global market of spindle motors that power hard drives.

The company operates in 46 countries and contains 347 companies within it. It employs 106,000 people worldwide.

Nidec Electric Motor Serbia d.o.o. Novi Sad

Nidec Elesys Europe d.o.o. Beograd

Nidec

Nidec Electric Motor Serbia

Nidec Elesys Europe

Aleksandar Vučić

production of electric motors

investments of Japan in Serbia

spindle motors

factory of electric motors