Japanese company Nidec Corp to invest $ 1.9 billion in Serbia

Japanese company Nidec Corp will spend 200 billion yen ($ 1.9 billion) to build a motor vehicle production plant in Serbia in an attempt to expand its business in Europe, according to an article published by Nikkei.

According to the source, the Japanese manufacturer has reached the final stage of talks with local authorities for the construction of the plant and an research center.

The new plant is expected to become operational in 2023 with an annual capacity of between 200.000 and 300.000 units.

Nidec will also start producing motors for electric vehicles in France and Poland, but the facility in Serbia will be one of the company’s largest production facilities in Europe.

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