Nidec halts subsidiaries' operations in Thailand

Flood damages have forced the company to halt operations of Nidec Electronics and Nidec Precision in Ayutthaya, Thailand.

Nidec Corporation announced the current status of flood damages to its subsidiaries in northwest Thailand, the region which has been subjected to intermittent heavy rains since July.

Two of the Company’s manufacturing subsidiaries in Thailand, Nidec Electronics (Thailand) Co., Ltd. and Nidec Precision (Thailand) Co., Ltd., both located in Rojana Industrial Park, Ayutthaya, have halted operations since October 10 due to inundation, power outages and an evacuation order issued across the entire Rojana Industrial Park. None of the Company’s other factories outside the Rojana Industrial Park have been experiencing any water immersion currently, and they are operating normally.

The Company plans to lay out an operation schedule for the currently inoperative factories based on changes in the situation. We apologize for any inconveniences caused by these circumstances and sincerely request your patience and understanding.

The exact amount of damage and the effect of the floods on the Company’s performance are yet to be assessed. We will continue to report on any actual or potential impact on the Company’s business performance in a prompt manner.

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