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Japan's Nidec to invest $3.5 mln in development centre in Bulgaria - govt

Author Annie Tsoneva
Japan's Nidec to invest $3.5 mln in development centre in Bulgaria - govt Nidec. Author (Nidec) License: all rights reserved.

SOFIA (Bulgaria), July 27 (SeeNews) - Japanese electric motor manufacturer Nidec Corporation will invest initially $3.5 million (3.45 million euro) in a new development centre in the Bulgarian capital Sofia, the Bulgarian government said on Wednesday.

Until the end of this year, the company is expected to hire 100 engineers at the new development centre, the government said in a press release.

The Bulgarian engineers will develop next generation hardware and software for the Japanese company, Bulgarian innovations minister Daniel Lorer said in the press release, following a meeting with Philippe Marquet, industrialization director at Nidec.

Elsewhere in Southeast Europe, Nidec Corporation held a groundbreaking ceremony for a factory for automotive inverters and electronic control units (ECUs) in Serbia's northern city of Novi Sad earlier this month.

In December, Nidec started the construction of an automotive motors plant in Novi Sad as part of plans to expand in Europe. The value of the project, which includes the factory and a research centre, is 1.5 billion euro, the Development Agency of Serbia said back then.

($=0.986 euro)