|
|
|
|
|
TOKYO, Feb 2, 2022 - (JCN Newswire) - Hitachi High-Tech Corporation ("Hitachi High-Tech") today announced the restructuring of Hitachi High-Tech Fine Systems Corporation ("HFS") on April 1, 2022, as part of Hitachi High-Tech's key initiatives for our 2024 Mid-Term Management Plan. Hitachi High-Tech aims to create new businesses that will be a key part of our future, in tandem with the plans to further expand the growth and profitability of our existing businesses.
Through corporate divestiture, HFS will transfer its railroad inspection, HD/FPD(1) and laboratory solutions businesses to Hitachi High-Tech Solutions Corporation ("HSL") and transfer its manufacturing functions to Hitachi High-Tech Manufacturing & Service Co., Ltd. ("HMS"). Furthermore, the prototyping, development, and other functions of HFS will be transferred to Hitachi High-Tech through an absorption-type merger, with HFS as absorbed company and Hitachi High-Tech as the surviving company.
Business Restructuring Goals
The environment surrounding society is changing every day with developments in digitization and the acceleration of innovations in technology. In order to respond swiftly to the changing market environments, the needs and business challenges of our customers in such circumstances, the Hitachi High-Tech Group is working on enhancing and integrating our core technologies, optimizing our manufacturing frameworks, and accelerating prototype development through Group-integrated business management.
This restructuring is one measure of these key initiatives we are working on, and by utilizing the core competencies (analysis and inspection technologies, production facility engineering capabilities, manufacturing capabilities) of HFS, one of the major group companies, the Hitachi High-Tech Group aims to reinforce our core Measurement and Analysis technologies, further increase the profitability of our fundamental businesses and strengthen the creation of new businesses that will be a key pillar of our future.
Business Restructuring Overview Summary:
1. Railroad Inspection, HD/FPD, Laboratory Solutions
We aim to integrate the laser- and magnetic-analysis technologies of HFS with the measurement and control technologies of HSL, and create new solutions that will be one of the core pillar of our future business.
2. Prototyping and Development
With the integration of the prototyping and development functions of HFS into Hitachi High-Tech, we aim to improve our development efficiency in product manufacturing through accelerated prototype development.
3. Manufacturing Functions
We will achieve high-efficiency manufacturing of Hitachi High-Tech Group products by concentrating our manufacturing functions into HMS.
Through this restructuring, the Hitachi High-Tech Group is looking toward creating new, highly profitable businesses from our core technologies of "Observation, Measurement, and Analysis" along with leveraging the core competencies of HFS to bolster the existing businesses of Hitachi High-Tech. The Hitachi High-Tech Group continues to work on creation of new social and environmental value, and aim to sustainably improve our corporate value.
(1) HD/FPD: Hard-Disk and Flat Panel Display
About Hitachi High-Tech
Hitachi High-Tech, headquartered in Tokyo, Japan, is engaged in activities in a broad range of fields, including Analytical & Medical Solutions (manufacture and sales of clinical analyzers, biotechnology products, and analytical instruments), Nano- Technology Solutions (manufacture and sales of semiconductor manufacturing equipment and analysis equipment), and Industrial Solutions (providing high value- added solutions in fields of social & industrial infrastructures and mobility, etc.).
The company's consolidated revenues for FY 2020 were approx. JPY 606.3 billion [USD 5.7 billion]. For further information, visit http://www.hitachi-hightech.com/global/
Corporate Communications Dept., CSR Div.,
Hitachi High-Tech Corporation
Contact: Nishikawa
Phone: +81-80-9207-5949
Topic: Press release summary
Source: Hitachi, Ltd.
Sectors: Transport & Logistics, Manufacturing
http://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
| Hitachi, Ltd. |
| Nov 11, 2024 09:31 HKT/SGT |
|
Hitachi: Established the Open Source Program Office (OSPO) to Globally Lead the Strategic Utilization of OSS |
| Nov 7, 2024 17:19 HKT/SGT |
|
Hitachi High-Tech and University of Tokyo Promote Joint Research for the Practical Application of High-resolution Laser-PEEM in the Semiconductor Field |
| Oct 23, 2024 15:08 HKT/SGT |
|
Hitachi helps First Bus move closer to 2035 Net Zero goal |
| Oct 18, 2024 14:50 HKT/SGT |
|
Hitachi Receives Order for 56 Elevators and Escalators for CRC The Flagship in Noida, India |
| Oct 11, 2024 15:24 HKT/SGT |
|
Oita University and Hitachi High-Tech Give a Joint Presentation on the Use of AI Technology to Extend the Lifespan of Polymer Electrolyte Fuel Cells |
| Sept 27, 2024 13:19 HKT/SGT |
|
Hitachi Becomes First Oracle Partner in Japan to Win Regional Best in Class Award in the Customer Success Category in the 2024 Oracle Partner Awards |
| Sept 25, 2024 12:05 HKT/SGT |
|
Hitachi Rail Unveils the 'HMAX' AI Solution, Accelerated by NVIDIA, to Optimize Trains, Signaling and Infrastructure |
| Sept 20, 2024 15:47 HKT/SGT |
|
Hitachi Rail is innovating and delivering transformative 5G digital signalling |
| Sept 19, 2024 12:57 HKT/SGT |
|
The world's first commercial copper die-cast rotor for railway traction motors |
| Sept 12, 2024 15:57 HKT/SGT |
|
Transport for Wales makes Hitachi its "Mobility as a Service" partner |
| More news >> |
 |
|
|
|
