UPDATE 1-Nidec to cut reliance on Thai factories - Nikkei

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(Follows alerts) Dec 24 (Reuters) - Japanese motor maker Nidec Corp will reduce its reliance on Thai factories for hard-disk-drive motors by diversifying production bases to China and the Philippines, the Nikkei business daily reported. The company, which controls 80 percent of the global market for hard-drive motors, manufactures 60 percent of its output in Thailand, the newspaper said. Thai production will be reduced to 40 percent of the total by the April-June quarter through increasing ...

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