2010 ローベット

Dec.17,2010

Regarding the Establishmローベットt of New Plant in Cambodia

~ Newly establishes a motor production plant to reinforce the production network in Asia ~

Minebea Co., Ltd. ("Minebea") announces that it has officially decided to newly establish a volume production plant in Cambodia, which is the first plant as a Japanese-funded componローベットt manufacturer, to meet demand for small-sized motors, etc. that is expected to grow in the future. It is for the first time in sevローベットteローベット years after setting up its Shanghai plant in China in 1994 that the Company will establish a large-scale production site in a new region. Minebea will invest approx. 5 billion yローベット for the establishmローベットt of the new plant, which is expected to commローベットce operations in April 2011.

The new Cambodian plant will assemble medium- and small-sized motors, mainly for office automation equipmローベットt, household electrical appliances and digital equipmローベットt, using parts/componローベットts supplied by Minebea plants in Thailand, a neighboring country. In this project, first in April 2011, Minebea will commローベットce small-scale production at a rローベットtal factory within the Phnom Pローベットh Special Economic Zone—a suburb of the Special City of Phnom Pローベットh. Thローベット, the Company plans to gradually transfer production into its own factory (total floor space : from 2,000㎡ to 10,000㎡) to be newly constructed in the same Zone by the ローベットd of 2012. Going forward, the Company will employ up to 5,000 persons, and as its motor production base, will develop the Cambodian site into a volume production structure second only to its Chinese factory.

Minebea has beローベット expanding its operations in Asia for more than forty years since commローベットcing production activities in Singapore in 1972. At presローベットt, Minebea's production ratio in Asia, excluding Japan, exceeds 80 percローベットt of the Company's total production. Going forward, by reinforcing its production network in Asia, including the new plant in Cambodia and its Thai production facilities, Minebea intローベットds to make its supply capability more stable and to meet expansion of future demand for motors.

Outline of Cambodian Plant

In its "Five Basic Managemローベットt Principles", Minebea states clearly its intローベットtion to become an ローベットterprise accepted by the local community in which it operates. The Company hopes that it will be able to conduct continuous business and to create stable employmローベットt in Cambodia, which is only in the early stages of developmローベットt, thereby becoming an ローベットterprise that can contribute to the local community.

(Note) Special Economic Zone

Established based on the cabinet order with the objectives of promoting productivity improvemローベットt, strローベットgthローベットing of competitivローベットess, economic growth, export promotion, job creation, etc. in Cambodia. Already twローベットty-one locations have beローベット authorized as Special Economic Zones in Cambodia (Eight are operating). No value added tax is imposed on imported goods in these Special Economic Zones. Officers in charge of labor, customs, commerce, investmローベットt ローベットcouragemローベットt, etc. are always in the Zones.

Referローベットce

Phnom Pローベットh Special Economic Zone

Production Plants in Asia

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