The gearless elevator traction motor market is set to grow from $5 billion in 2024 to $7.07 billion by 2029, driven by energy ...

OSAKA -- Nidec has acquired Canton Elevator of the U.S., a purchase seen complementing existing operations such as elevator motors. The Japanese elect ...

Dublin, Feb. 21, 2022 (GLOBE NEWSWIRE) -- The "Global Elevator Control Market 2022-2026" report has been added to ResearchAndMarkets.com's offering. The publisher has been monitoring the elevator ...

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The "Elevator Control Systems - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering ...

[1/2] Nidec Corp's logo is pictured at an earnings results news conference in Tokyo, Japan, July 25, 2018. REUTERS/Kim Kyung-Hoon/File Photo Purchase Licensing Rights, opens new tab ...

Nidec’s shares have fallen over 20% in the past 12 months amid a 41% plunge in operating profit to ¥100 billion ($741 million) because of restructuring costs in the fiscal year ended March 2023.

TORRINGTON--Nidec America Corp. announced Wednesday that it will shut down manufacturing at its Torrington facility within the next 12 to 24 months, putting nearly 120 people out of work.

According to Reuters,: "Nidec’s plan is to boost annual revenue to 5 trillion yen ($46 billion) by 2025, the sources said, from 1.55 trillion yen forecast for its financial year ending in March.

Japan's Nidec Corp , a major manufacturer of electric motors, has replaced its second-in-command and will choose the next president from within the company in the spring of 2024, it said on Friday.

Nidec Corp.reported6594 0.17 % increase; green up pointing triangle a net loss in its fourth quarter due to restructuring expenses for its electric-vehicle traction motor business as severe ...