Romanian-British startup Ogre AI, which has developed an AI-based platform for prognoses in the energy field, is expanding its operations on the Asian market: the company’s associates have approved the creation of a subsidiary in Japan, wholly owned by the Romania company.
Electric motor plant Nidec of Oradea, owned by Japan’s Nidec, ended 2023 with a turnover of almost RON223.3 million (EUR45.1 million), up 5.6% from RON211.5 million (EUR42.9 million) reported in 2022, in line with calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
Electric motor plant Nidec of Oradea, owned by Japan’s Nidec, for 2021 reported RON166.4 million (EUR33.8 million) turnover, up 23.5% on the year, in line with ZF calculations based on finance ministry data.