Emerson sold the motor and controller business to Nippon Electric Power Co., Ltd.
after six months' evaluation, it decided to sell
according to the agreement, Nippon Power Co., Ltd. will retain its original production facilities and employees
the headquarters will still be located in St. Louis, USA
St. Louis, Missouri, USA (August 17, 2010). Emerson Electric Company (NYSE Stock Code: EMR, hereinafter referred to as Emerson) today announced that it agreed to sell the motor and home appliance controller business to Nidec Corporation. Over the past six months, Emerson has assessed the potential of the business being sold. Today, an agreement was reached with Nippon power, which further increased the share of Nippon power's global motors and related businesses in the U.S. and North American markets. Nippon power announced that it would retain its existing production facilities and its current management and employees. At the same time, Nippon electric still sets its general and final department in Emerson Park, which is currently the headquarters of Emerson motor technology center in the first ten days of October this year
emerson devoted himself to the evaluation process to ensure that the company that will take over the relevant business has the ability to create a good environment for employees and customers. Craig Ashmore, Emerson's executive vice president of planning and development, said that many powerful companies have also expressed considerable interest, but the proposal of Nippon power has provided great value to everyone including customers, employees and shareholders
the two businesses sold this time are Emerson commercial and industrial motors (CIM) and Emerson home appliance motors and controllers (EAMC). These two businesses accounted for more than $800million of the company's sales in FY2009
emerson will continue to operate the sealing and heating motor business to provide services for the valley wheel digital scroll compressor of Emerson's environmental optimization technology, and will continue to operate the large engine business in Europe (lileysenma) and the Emerson air comfort product in the United States to produce popular Emerson ceiling fans
Japan power industry, headquartered in Kyoto, Japan, is a precision manufacturer with total assets of US $8billion, providing small and medium-sized motors and fans for it, consumer electronics, automobiles, household appliances and industrial applications. The company also manufactures electronic and optical components and mechanical equipment
we are very pleased with the growth potential brought about by these two businesses as a part of Japan's power industry. Shigenobu Nagamori, founder and CEO of Japan's power industry, said that Emerson's reputation in innovation, quality and service over the years coincides with the concept and value of Japan's power industry. The motor and controller business acquired this time is very critical to our long-term business strategy, because we invest in the North American market and will further strengthen our strength in this market
Emerson commercial and industrial motors is a leading motor manufacturer in the industry, producing a full range of efficient motor products. Various types of motor products serve the domestic and commercial markets, including applications ranging from water treatment, mining, oil, natural gas and electricity to air conditioning condensers, roof cooling towers and commercial refrigeration
Emerson is the largest supplier of home appliance motors and controllers in the United States. Its motors, motor controllers, timers and machine controllers are used in washing machines, dryers, dishwashers, refrigerators and other products of leading home appliance manufacturers; It also produces motors, controllers and switches for automotive and commercial markets
the production facilities and technical centers of these two businesses are distributed in the United States, Mexico, China, India and the United Kingdom. The global total number of employees is about 6000, of which 1700 employees are distributed in the United States, including hundreds of employees working in St. Louis
Emerson (NYSE: EMR), headquartered in St. Louis, is a leading company in the world. The company combines technology and engineering to provide innovative solutions for customers in the industrial, commercial and consumer markets in the fields of network energy, process management, industrial automation, environmental optimization technology, household appliances and tools. The company's fiscal year 2009 sales reached $20.9 billion. For further information, please visit (global) and (China)
about Nippon Electric Power Co., Ltd.
Nippon Electric Power Co., Ltd. is a leading manufacturer of small precision motors in the world. Its products include motors for hard disk 2, which have outstanding electrical insulation and water resistance. The tensile modulus of elasticity is calculated from the initial linear part of the curve, and optical disk drives (including Blu ray disc drives). The company has expanded its focus from the information storage motor market to the home appliances and automobile market in order to seek high growth potential in the future. For more information, please browse