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The new firm, to be known as Nidec Aerospace, will be based in St Louis, making use of existing factories of both firms in Brazil and Mexico. Nidec will take a 51% stake in the company and Embraer 49%, it added in a statement.
No mention was made of the capital amount in the statement. A report in the Nikkei Shimbun newspaper said the company would invest 20 billion yen ($141.02 million) in research and development over the next five years.
($1 = 141.8200 yen)
