Dec.17, 2010
Minebea Co., Ltd.

Regarding the Establishment 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 component manufacturer, to meet demand for small-sized motors, etc. that is expected to grow in the future. It is for the first time in seventeen 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 yen for the establishment of the new plant, which is expected to commence operations in April 2011.

Minebea has been expanding its operations in Asia for more than forty years since commencing production activities in Singapore in 1972. At present, Minebea’s production ratio in Asia, excluding Japan, exceeds 80 percent 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 intends to make its supply capability more stable and to meet expansion of future demand for motors.

[Outline of Cambodian Plant]

Company name : Minebea (Cambodia) Co., Ltd. (100% owned by Minebea)
Location : Phnom Penh Special Economic Zone
Special City of Phnom Penh, Kingdom of Cambodia
Representative : Hirotaka Fujita (Director and Senior Managing Executive Officer of Minebea Co., Ltd.)
Rental plant : Production start: April 2011 (Planned)
Total floor space: 2,304㎡, start with approx. 900 employees
Own plant : Production start: by the end of 2012 (Planned)
Land area: approx. 200,000㎡, total floor space: 2,000㎡~10,000㎡
Plans to employ a maximum of approx. 5,000 people

In its “Five Basic Management Principles”, Minebea states clearly its intention to become an enterprise 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 employment in Cambodia, which is only in the early stages of development, thereby becoming an enterprise that can contribute to the local community.

(Note) Special Economic Zone

Established based on the cabinet order with the objectives of promoting productivity improvement, strengthening of competitiveness, economic growth, export promotion, job creation, etc. in Cambodia. Already twenty-one locations have been 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, investment encouragement, etc. are always in the Zones.

Reference

Phnom Penh Special Economic Zone Production Plants in Asia

Media Inquires : Corporate Communications Office, Corporate Planning Division
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