Hitachi's power transmission and distribution systems business plays a central role in its power systems business. Hitachi also intends to improve the competitiveness of key products such as transformers, circuit breakers, and switchgear, and to expand its solutions business that combines IT and power electronics technology, such as equipment and control systems. In addition to strengthening its production facilities in Japan, North America, China, and other parts of the world, including upgrading the production capacity at its gas insulated switchgear plant in Indonesia in June this year, Hitachi is also seeking to deliver power transmission and distribution systems that suit specific national and regional requirements for enhancing and extending electric power transmission networks by working to expand its engineering sites in Southeast Asia, the Middle East, and elsewhere.
Profile of the joint venture company
Hitachi Fortune Transformer, Inc.
Not yet appointed
Port of Taichung Free Trade Zone, Taichung
Design, manufacturing, inspection, sales, installation, and after-sales service for oil-filled transformers Capital
1.4 billion New Taiwan dollars (approximately 4.5 billion yen) Shareholders
Hitachi, Ltd.: 60%, Fortune Electric Co., Ltd.: 40%
Approximately 200 (estimate for 2020)
Profile of the Fortune Electric Co., Ltd
Fortune Electric Co., Ltd.
Chairman: C. M. Hsu
Chung-Li City, Taoyuan
Manufacturing, sales, installation, and maintenance services for transformers, switchboards, high- and low-voltage switchgear, and other products for distribution, generation, and other power systems Sales
Approximately 4.5 billion New Taiwan dollars (approximately 14.4 billion yen) (2011) Capital
2.6 billion New Taiwan dollars (approximately 8.2 billion yen) Employees
Approximately 600 (as of July 2011)
About Hitachi, Ltd.
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 326,000 employees worldwide. The company's consolidated revenues for fiscal 2012 (ended March 31, 2013) totaled 9,041 billion yen ($96.1 billion). Hitachi is focusing more than ever on the Social Innovation Business, which includes infrastructure systems, information & telecommunication systems, power systems, construction machinery, high functional material & components, automotive systems and others.
For more information on Hitachi, please visit the company's website at http://www.hitachi.com.
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