Investment certificate to Nidec Seimitsu Vietnam Corporation
On July 16, 2012, Saigon Hi-Tech Park Board of Management (SHTP BOM) officially handed-over the investment certificate to Nidec Seimitsu Vietnam Corporation (NSTV). This is the fifth investment project of Nidec Group (Japan) in SHTP which is part of the investment commitment between Nidec Group and SHTP BOM since 2005.
Handing-over investment certificate to Mr. Hirasawa Kazuto - Chairman of NSTV, Ms. Le Bich Loan - SHTP Vice President congratulations the company on the new PROMISING investment in SHTP
NSTV is invested by Nidec Seimitsu Corporation, formerly known as Sanyo Seimitsu, the latest member company joining Nidec Group since July 2011. Having gained great reputation in the world in researching and developing, manufacturing and selling of small precision DC motors, Nidec Seimitsu Corporation’s product portfolio includes four main groups: vibration motors for smart phone, motors for optical disk drive, motors for digital still camera and motors used in medical equipment. Especially, vibration motors for smart phone is holding the largest percentage in Nidec Seimitsu Corporation’s annual revenue and the company was chosen to be the unique supplier of vibration motor for one of the world's leading smartphone manufacturer.
Perspective design of NSTV first manufacturing plant
(NSTV plans to have totally 02 plants in SHTP)
NSTV project has the total investment capital of USD 45 million, realizing in 04 years and operates in 50 years, starting with the developing, manufacturing and selling of small vibration motors for smart phones. Besides, for the next development stage, NSTV has plan to produce motors for medical devices. According to company’s production plan, NSTV project is expected to reach its full capacity in three years from start of operations, with the manufacturing capacity which is not less than 40 million products/month, creating the monthly revenue of about USD 8 million.
NSTV Leaders take picture with SHTP leader and officers
One of the highlights of NSTV project in SHTP is the investment of the full manufacturing process of precision motor. From the input of raw material, the company self-produces components, carrying out precision processing and produce finished products in its factory in SHTP. In comparison to other existing factories of Nidec Seimitsu Corporation in Indonesia, SHTP project has the most advanced production line with higher automation level. Besides, NSTV has developed a detail plan to replace more automated phases into the production line every year, only keep labor in phases which require high precision, scrupulosity and skillfulness. This is to ensure the company’s target to cut down an average of 20.5 labors per production line, contributing to the reducing of manufacturing cost especially when supply of labor is decreasing while cost of labor is increasing.
Right after receiving the investment certificate, NSTV has been preparing for the construction of its first manufacturing plant in SHTP, which is expected to be started in August 2012 and completed in the next 06 months. With a large investment scale, together with the good proven global reputation, NSTV is expected to be one the potential projects which will soon considerably contribute to the social – economic development of Ho Chi Minh City in particular and the Southern Focal Economic Region in general.
As of mid July 2012, Nidec Group has invested 5 projects in SHTP, including Nidec Sankyo Vietnam, Nidec Vietnam Corporation, Nidec Servo Vietnam, Nidec Copal Vietnam and Nidec Seimitsu Vietnam with the total investment commitment of USD 246.5 million. All of the previous 4 projects are already in operations and, as of end of May 2012, have been achieving success with the accumulated export revenue of USD 740,849,639, contributing totally USD 9,516,3894 to City budget.