UPDATE 1 - Japan's Nidec considering 100 mln euro investment in Serbia

Nidec would open about 100 jobs in Serbia if it decides to build a factory in Novi Sad, the president of the Japanese company, Jun Seki, said during a meeting with president Aleksandar Vucic, the president's office said in a statement.

The construction of the factory may start in 2021, according to the statement.

On Wednesday, a delegation of Nidec led by Seki visited the Sever 4 area of Novi Sad's industrial zone to study the site. Novi Sad was included in a list of potential locations for the construction of a factory in Europe, the Novi Sad city government said on Wednesday.

Novi Sad would provide all needed logistics for the construction of the factory, as the project will have a great importance for the city and for Serbia, Novi Sad mayor, Milos Vucevic, said during a meeting with Seki.

Nidec Corporation, listed on the Tokyo Stock Exchange, is a manufacturer of electric motors used in hard-disk drives, electric appliances, automobiles and commercial and manufacturing equipment.

($ = 0.847723 euro)