Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Tuesday, 27 October 2015, 12:32 HKT/SGT
Share:
    

Source: Hitachi, Ltd.
Hitachi Made Hitachi Hi-Rel in India a Wholly-Owned Subsidiary of Hitachi, Aiming Rapid Expansion of Power Electronics Business

TOKYO, Oct 27, 2015 - (JCN Newswire) - Hitachi, Ltd. (TSE:6501, "Hitachi") announced today that it has made Hitachi Hi-Rel Power Electronics Pvt. Ltd. (Managing Director: Piyush Shah; "Hitachi Hi-Rel"), a subsidiary that manufactures and sells power electronics (PE) products in the Republic of India, a wholly-owned subsidiary of Hitachi. The acquisition was completed when the remaining shares were purchased from the promoters and employees. This transaction will not result in any changes to the company name or the management structure.

In October 2011, Hitachi made Hi-Rel Electronics Pvt. Ltd. ("Hi-Rel") a subsidiary of Hitachi, and established "Hitachi Hi-Rel," to strengthen PE business in India, positioning it a first operation base for global business development. To pursue this strategy, Hitachi Hi-Rel added high voltage industrial inverters, Power Conditioning Systems (PCS) for large-scale Photovoltaic generation facilities, and large-scale Uninterrupted Power System (UPS) to the industrial UPS and related products that Hi-Rel had been manufacturing and selling for 25 years. Hitachi Hi-Rel has roughly tripled its revenues over the past four years.

PE products are used in a wide range of applications in various industries and infrastructure fields. For example, drive systems save energy consumption in fans, pumps, blowers, and other industrial equipment, as well as in process control for continuous production lines in factories. UPSs ensure stable, high-quality power supply in a variety of applications, including data centers, communication facilities, and hospitals, as well as Oil & Gas, Steel, and chemical plants. PE products are also used in railway applications, and in large-scale Photovoltaic and wind power generation facilities.

The demand for PE products is expected to increase in keeping with the development of various industries in India and Southeast Asia as well as the recent rapid growth of renewable energy market worldwide. In this market background, Hitachi decided to take direct control of Hitachi Hi-Rel operations and to reinforce PE business through increasing product competitiveness and expanding application fields by enhancing Hitachi Hi-Rel's R&D, design, and manufacturing structures with making full use of the Hitachi Group's sales/service networks.

Masakazu Aoki, Vice President and Executive Officer, President & CEO of Industrial Products Company, Hitachi, said, "Hitachi Hi-Rel has a top class track record of delivering UPS for the industrial field in India. Based on the advanced control technologies and outstanding quality control systems established by Hitachi, we will further increase the competitiveness of Hitachi Hi-Rel's products, and expand the company's share in India which is expected to be a growth market in the future. We will also strengthen the power electronics product business by positioning Hitachi Hi-Rel as a base for global expansion."

On May 1, 2015, Hitachi established the Industrial Products Company as a new in-house company to increase the competitiveness of the industrial component business and to expand this business on a global scale. By following this growth strategy, Hitachi Hi-Rel became a full subsidiary. By further expanding PE business, Hitachi will contribute to the development of industry in India and throughout the world.


About Hitachi, Ltd.

Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, is focusing on Social Innovation Business that combines information technology (IT), operational technology (OT) and products. The company's consolidated revenues for fiscal 2019 (ended March 31, 2020) totaled 8,767.2 billion yen ($80.4 billion), and the number of employees was approximately 301,000 worldwide. Hitachi delivers digital solutions utilizing Lumada in five sectors including Mobility, Smart Life, Industry, Energy and IT, to increase social, environmental and economic values of its customers. For more information on Hitachi, please visit the company's website at https://www.hitachi.com.

Contact:
Hitachi Ltd
Corporate Communications
Tel: +81-3-3258-1111



Oct 27, 2015 12:32 HKT/SGT
Source: Hitachi, Ltd.

Hitachi, Ltd. (TSE: 6501)

Topic: Press release summary
Sectors: Electronics
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2020 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


Hitachi, Ltd. Links

http://www.hitachi.com

https://www.facebook.com/hitachi.global/

https://twitter.com/hitachiglobal?lang=en

https://www.youtube.com/user/HitachiBrandChannel

https://ph.linkedin.com/company/hitachi

Hitachi, Ltd.
Nov 13, 2020 09:13 HKT/SGT
Hitachi Develops IoT Platform for the High Value-added Buildings Required for the New Normal
Nov 4, 2020 16:54 HKT/SGT
Hitachi Announces Lumada Alliance Program to Drive Economic, Social, Environmental and Quality of Life Innovation
Oct 30, 2020 23:10 HKT/SGT
Hitachi Rail and Mitsubishi Corp to Deliver Metro de Panama Line 3 worth JPY 92.0 Billion
Oct 27, 2020 11:59 HKT/SGT
Hitachi "Paperless & Office" Innovations to Achieve New Workstyles in the New Normal
Oct 27, 2020 09:59 HKT/SGT
Hitachi Named a Leader in 2020 Gartner Magic Quadrant for Industrial IoT Platforms
Oct 27, 2020 07:51 HKT/SGT
Hitachi ABB Power Grids Wins Major Order to Support Sub-Saharan Africa's Largest Solar Venture in Angola
Oct 15, 2020 16:41 HKT/SGT
Hitachi Acquired Additional Shares to Hold Majority of Shares of Yungtay, Elevator Company Based in Taiwan
Oct 14, 2020 16:48 HKT/SGT
Hitachi ABB Power Grids Wins $6.6 Million Projects to Digitalize High-Speed Rail in the UK
Oct 13, 2020 15:25 HKT/SGT
Hitachi ABB Power Grids and Tensio TN AS to deliver Norway's First Fully Digital, Eco-efficient Substation
Oct 9, 2020 12:36 HKT/SGT
Hitachi Exhibits in the "CEATEC 2020 ONLINE"
More news >>
 News Alerts
Copyright © 2020 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 400 879 3881 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6859 8575

Connect With us: