2025
Mar.31, 2025
MINEBEA MITSUMI Inc.
Minebea SchneiTec Green Power's Cambodia Solar Power 20 MW Project Selected
for Joint Crediting Mechanism (JCM) Projects *
MinebeaMitsumi Inc. is pleased to announce that the Cambodia Solar Power 20 MW Project, organized by Minebea SchneiTec Green Power Co., Ltd. (hereinafter "MSGP"), a joint venture between SchneiTec Co., Ltd. (hereafter "SchneiTec") and Minebea (Cambodia) Co., Ltd. (hereinafter "Minebea Cambodia," MinebeaMitsumi group company) was selected for Financing Programme for Joint Crediting Mechanism (JCM) Projects (hereinafter "Joint Crediting Mechanism (JCM) Financial Support Program") in FY2024.
MinebeaMitsumi group has recognized minimizing the environmental impact of its operations as one of its key priorities. The group aims to reduce greenhouse gas emissions by 30% by the fiscal year ending March 2031 (compared to the fiscal year ending March 2021) and achieve carbon neutrality by 2050. To this end, the group is actively working on the installation and operation of solar power systems at its global locations, as well as the procurement and utilization of renewable energy.
Minebea Cambodia founded a joint venture, MSGP, with a government-certified provider in Cambodia, SchneiTec, in November 2024 with the aim of transitioning power consumed at the company's plant in Kingdom of Cambodia into green energy.
In this project, MSGP will newly establish a 20 MW solar power generation system in Pursat Province, Kingdom of Cambodia, and sell electricity generated there to Electricite du Cambodge, contributing to reducing power consumption on the Minebea Cambodia grid, as well as the use and conmustion of fossil fuels. Moreover, by enabling Minebea Cambodia to benefit from the environmental value corresponding to the amount of electricity sold, the plan is to transition the power consumption at MinebeaMitsumi's plants in Cambodia to 100% renewable energy.
This eligibility allows MSGP to introduce highly-efficient facilities with advanced technical support system and utilize excellent low-carbon technologies, with the plan to reduce greenhouse (GHG) emissions in the Kingdom of Cambodia by approximately 14,000 tons annually.
Under the corporate philosophy, "To contribute to realization of a sustainable, eco-friendly and prosperous society by providing better products, at a faster speed, in larger numbers, at a lower cost and by smarter means," we will continue to make a sincere commitment to decarbonization and environmental impact mitigation by reducing not only our own GHG emissions, but also in the products provide to our customers.
* Ministry of the Environment, Japan has been implementing the "JCM Projects," which provides financial supports covering up to half of the initial investment costs. This project is to financially support the implementation of projects which reduces GHG emissions by utilizing leading decarbonizing technologies in developing countries, and in return, to acquire JCM credits for achievement of Japan's GHG emission reduction and the partner countries' emission reduction target.
Minebea SchneiTec Green Power Co., Ltd.
| Company Name | Minebea SchneiTec Green Power Co., Ltd. |
|---|---|
| Establishment Date | November 21, 2024 |
| Address | No. B2-030, 6th floor, Koh Pich Street, Village 14, Sangkat Tonle Basak, Khan Chamkar Mon, Phnom Penh, Kingdom of Cambodia. |
| Capital | USD 3,557,000 |
| Investment Ratio | 70% by Minebea (Cambodia) Co., Ltd., 30% by SchneiTec Co., Ltd. |
| Representative | Yoshihiro Sakanushi |
| Business Details | Solar power generation and power supply |
Minebea (Cambodia) Co., Ltd.
| Company Name | Minebea (Cambodia) Co., Ltd. |
|---|---|
| Establishment Date | April, 2011 |
| Investment Ratio | 100% by MinebeaMitsumi Inc. |
| Address | ROYAL GROUP PHNOM PENH SPECIAL ECONOMIC ZONE, National Road No. 4, Sangkat Khantouk, Sangkat Phleung Chheh Roteh, Sangkat Beung Thom, Khan Kambol, Phnom Penh, Cambodia |
| Business Details | Manufacturing and sales of electronic somponents (e.g., small-sized motors) |
| Representative | Yoshihiro Sakanushi |
| Number of Employee | Approx. 7,600 (As of December, 2024, including temporary staffs) |
| Website | https://www.minebeacambodia.com/ |
About MinebeaMitsumi
MinebeaMitsumi is an INTEGRATED* precision components manufacturer that engages in the development, manufacture, and sale of mechanical and electronic devices and components such as semiconductors, motors, and sensor with a focus on core technologies typical of ultra-precision machining. Our products include global market leading items such as miniature and small-sized ball bearings, which enable machines to rotate smoothly, for which we hold the highest share in the world**, and 1 cell protection ICs for lithium ion batteries. Our ultra-precision technologies are used in a wide range of fields, supporting people's lives in unseen ways, including home electronics such as air conditioners, vacuum cleaners, dryers, and gaming equipment, IT devices such as smartphones and computers, automobiles, aerospace products, and medical equipment.
* This term was adopted with the intended meaning "to be combined" rather than "to sum up".
Create new value through synergy by combining all the resources of our group
- ** According to MinebeaMitsumi
| Media inquiries | Corporate Communications and Investor Relations Office Phone: +81-3-6758-6703 E-mail: koffice@minebeamitsumi.com |
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Product information, contact and other context are subject to change without prior notice.
