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Nidec CEO uses his Midas touch for machine tool unit turnaround

Japanese motor maker diversifies with eye on $74bn sales by 2030

A production line at OKK turns out spindles, the part of a machining center to which tools are attached. (Photo by Yuji Ohira)

KYOTO, Japan -- Every other week, Nidec CEO Shigenobu Nagamori pays a visit to a midsize machine tool unit that plays an outsize role in the Japanese motor maker's future plans.

Nagamori himself is leading the charge to revive money-losing OKK as Nidec seeks to turn robot components and machining equipment into a new growth engine.

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