ST. LOUIS – To accommodate global customer demand for its industrial electric motors, Nidec Motor Corporation (NMC) recently expanded its Monterrey, Mexico manufacturing facility. The $2.3 million investment expanded the facility by 60,000 square feet, increased its production capacity and improved operations.

The facility is part of NMC’s Commercial Industrial Motors & Drives (CIMD) business.

ST. LOUIS, Mo. – Nidec Motor Corporation (NMC), a global manufacturer of motors, drives and automated systems, has announced a $100,000 donation to the Missouri University of Science & Technology (Missouri S&T). The gift will fund the relocation and expansion of the undergraduate power lab in the electrical and computer engineering department at the University and also support equipment upgrades in the lab.

ST. LOUIS – Hiroyuki Yoshimoto becomes the first person in the 45-year-old history of the Kyoto-based multinational manufacturer of electric motors to hold the position as Nidec's new president. He succeeds the company’s founder Shigenobu Nagamori.

The appointment, announced on Feb. 15, was approved on June 20 at the 45th regular general meeting of shareholders and a subsequent meeting of the board of directors.

KYOTO, Japan (Aug. 02, 2016)—Nidec Corporation announced that its Board of Directors has approved a resolution to acquire the motors, drives and electric power generation businesses of Emerson Electric Co. For this purpose, Nidec entered into an asset and stock purchase agreement on Aug. 2, 2016 (US time). The purchase price is $1.2 billion (on a cash and debt-free enterprise value basis) and the consideration will be all cash.