CCTV.com - CNTV English - CCTV News


Homepage > News > Biz >

Japan's Nidec Corp to invest in IT device manufacturing plant in Cambodia

06-01-2011 09:43 BJT

PHNOM PENH, May 31 (Xinhua) -- The Tokyo-based Nidec Corporation is going to invest in an IT hardware manufacturing factory in Cambodia, the firm's chairman said here on Tuesday.

During a meeting with the prime minister Hun Sen, Shigenobu Nagamori, Chairman of the Board, President & Chief Executive Officer of Nidec Corporation, said that the Nidec Corporation is the world's leading manufacturer of the tiny electric motors that power hard disk drives on personal computers and other digital electronics.

He did not disclose the investment amount the company planned for Cambodia.

Nidec has presence in 28 countries, employing 130,000 workers. Last year's total revenues was 8.5 billion U.S. dollars, he said.

The company has successfully invested 100 million U.S. dollars in Thailand and 40 million U.S. dollars in Vietnam for IT device manufacturing factories.

Meanwhile, the premier expressed his support for the company's desire to invest in Cambodia and recommended the company to work with the Council for the Development of Cambodia in order to learn about investment procedures and incentives.

 

Editor:Yang Jie |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program