Nidec Global Appliance visits Austria’s Federal Minister for Digital and Economic Affairs

AUSTRIA, Fürstenfeld – July 2022 – Nidec Global Appliance, a platform of Nidec Corporation,  visited Austria’s Federal Minister for Digital and Economic Affairs Martin Kocher, the Austrian business agency and the funding association FFG on July 13th. During the meeting, Valter Taranzano, Nidec Global Appliance’s CEO & President, and company executives presented the plan to invest over 50 million euros in the next 5 years in the manufacturing plant and Research & Development (R&D) Center in Fürstenfeld, Austria. Nidec aims to enhance its production lines, promote new improvements in its R&D Center, and start new research and development projects through existing cooperation with universities and institutions in order to continue being an industrial reference in the country and foster innovation in the region. The minister pointed out that “research and development are crucial factors to ensure a prosperous development for the future of the Austrian economy. On this note, we are proud to provide a broad range of research funding opportunities in the country.”