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Tag: Nidec
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Embraco aims to double sales with sustainability focus
Refrigeration supplier Embraco has announced a bold plan to double its net sales by 2027, with the brand shifting its focus towards sustainability and interconnectivity. The move will see the company – a subsidiary of Brazilian-owned Nidec Global Appliance – change its approach to both product development and branding, with Embraco hoping that highlighting its […]
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Embraco set for $70 million expansion
Nidec Global Appliance is investing US$70 million (AU$92.2 million) to increase Embraco compressors’ production capacity. The investment is expected to allow an annual capacity increase of more than 10 million units and better distribution worldwide. The increase adds to the current capacity of 45 million compressors and condensing units per year, and will be achieved […]
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Nidec to acquire Embraco
Japanese firm Nidec has announced it will acquire Embraco, Whirpool Corporation’s compressor business, in a deal worth US$1,080 million. While Nidec has traditionally been known as a major manufacturer of electric motors, it has recently added compressors to its product portfolio, first with the purchase of the Secop Group in 2017, and now with the acquisition […]