Nidec Global Appliance Is Investing $70 Million to Increase Embraco Compressors’ Production Capacity
The investment will allow an annual capacity increase of more than 10 million units
KYOTO, Japan — Nidec Global Appliance, holder of the Embraco brand of refrigeration solutions, started its new fiscal year announcing the investment of $70 million to leverage and set up new production lines of refrigeration compressors and condensing units in several parts of the world. The new lines will increase the annual production capacity by more than 10 million units, which will be added to the current capacity of 45 million compressors and condensing units per year. The investment goes to manufacturing plants that produce Embraco solutions in Austria, China, Brazil, and Mexico.
“This investment is motivated by a composition of factors, being one of them a consequence of the Covid-19 pandemic: as people all around the world are spending more time at home, it has become increasingly important to re-evaluate the level of quality and energy efficiency of residential appliances,” said Nidec Global Appliance’s CEO, Valter Taranzano. “In parallel, more people at home means more consumption of fresh food, increasing the demand for refrigeration in the food retail sector, such as supermarkets and convenience stores.”