Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Friday, 31 August 2018, 09:03 HKT/SGT
Share:
        

Source: Mitsubishi Corporation / Hitachi, Ltd.
Hitachi and Mitsubishi Corporation Sign a Memorandum of Understanding with Metro de Panama, S.A. to Provide a Monorail System

TOKYO, Aug 31, 2018 - (JCN Newswire) - Hitachi, Ltd., Ansaldo STS SpA, a group company of Hitachi and Mitsubishi Corporation today announced that they have signed a memorandum of understanding with Metro de Panama, S.A. (MPSA) to provide a monorail system for Line 3 of Panama Metro.

The prime contractor for the project, including the civil works portions, will be selected by MPSA, and the subcontractor contract will be signed by the prime contractor and the companies.

Hitachi will provide 28 six-car trains. Signaling systems, telecommunication systems and power systems will be delivered by Ansaldo STS. Mitsubishi Corporation will be in charge of commercial affairs.

The Japan International Cooperation Agency will provide yen-loan to support the improvement of urban transportation systems and efforts to combat climate change, which will be allocated to civil works projects and the procurement of the monorail system.


About Mitsubishi Corporation

Mitsubishi Corporation, headquartered in Tokyo, is a global integrated business enterprise that develops and operates business across virtually every industry including industrial finance, energy, metals, machinery, chemicals, foods, and environmental business. Mitsubishi Corporation's current activities are expanding far beyond its traditional trading operations as its diverse business ranges from natural resources development to investment in retail business, infrastructure, financial products and manufacturing of industrial goods. For more information on Mitsubishi Corporation, please visit the company's website at https://www.mitsubishicorp.com/jp/en/.

About Hitachi, Ltd.

Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society's challenges, combining its operational technology, information technology, and products/systems. The company's consolidated revenues for fiscal 2017 (ended March 31, 2018) totaled 9,368.6 billion yen ($88.4 billion). The Hitachi Group is an innovation partner for the IoT era, and it has approximately 307,000 employees worldwide. Through collaborative creation with customers, Hitachi is deploying Social Innovation Business using digital technologies in a broad range of sectors, including Power/Energy, Industry/Distribution/Water, Urban Development, and Finance/Social Infrastructure/Healthcare. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.

Contact:
Mitsubishi Corporation
Telephone: +81 3 3210 2171
Facsimile: +81 3 5252 7705 

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


Aug 31, 2018 09:03 HKT/SGT
Source: Mitsubishi Corporation / Hitachi, Ltd.

Mitsubishi Corporation (TSE: 8058)
Hitachi, Ltd. (TSE: 6501)

Topic: Press release summary
Sectors: Transportation/Logistics, Engineering
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2018 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


Multimedia
Image of a monorail system for Line 3 of Panama Metro
View Image
 
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.
Dec 14, 2018 13:10 HKT/SGT
Hitachi to Transfer Shares in Hitachi Procurement Service to Infosys, Panasonic, and PASONA
Dec 10, 2018 08:39 HKT/SGT
Hitachi Automotive Systems to Transfer its Commercial Vehicle Steering Business to Knorr-Bremse
Dec 4, 2018 11:04 HKT/SGT
Hitachi Launches "TWX-21 Source to Contract Service" a product of JAGGAER's S2C Application Suite and Hitachi's Installation Expertise
Nov 23, 2018 08:01 HKT/SGT
International Standards Adopted by ITU-T to Address Soft Errors Affecting Telecommunication Equipment
Nov 14, 2018 20:06 HKT/SGT
MOU signed by Changhua County Government and Hitachi, Ltd. and Agreed to Use Changhua Port for Operation and Maintenance of Changhua Offshore Wind Farm
Oct 31, 2018 16:14 HKT/SGT
Suntory Beverage & Food and Hitachi Develop Production Planning System Utilizing AI through Collaborative Creation
Oct 31, 2018 11:17 HKT/SGT
Hitachi: Demonstration Project in Germany, Large-Scale Hybrid Power Storage System Starting to Operate in November
Oct 29, 2018 18:47 HKT/SGT
Hitachi to Increase Stake in Ansaldo STS
Oct 29, 2018 15:00 HKT/SGT
Hitachi and SBI Enter into Joint Venture to Accelerate Digital Payments in India
Oct 26, 2018 08:55 HKT/SGT
Hitachi Announces Reorganization of Industrial Equipment Business through Company Split
More news >>
 News Alerts
Copyright © 2018 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 10 8405 3688 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6721 7212

Connect With us: