23.10.2015, 00:31
Hitachi to Reorganize Power Distribution Business
OREANDA-NEWS. Hitachi, Ltd. announced that it will reorganize the power distribution and control product business and the air compressor business on April 1, 2016 in order to strengthen and expand the industrial product business.
Specifically, the design, manufacturing and quality assurance divisions in the power distribution and control product business for industrial fields at the Industrial Products Company (a Hitachi's in-house company) and the design, manufacturing, quality assurance and sales divisions in the power distribution and control product business at Hitachi Power Solutions Co., Ltd. will be transferred to Hitachi Industrial Equipment Systems Co., Ltd. ("HIES"), through a company split (the "Power Distribution and Control Product Business Company Split").
In addition, the design, manufacturing, quality assurance, sales and after-sales service divisions for the large capacity air compressor business at Hitachi's Industrial Products Company will be transferred to HIES, through a company split (the "Air Compressor Business Company Split").
In this way, Hitachi will establish a structure that will enable the more effective use of management resources in both the power distribution and control product business and the air compressor business, while at the same time responding to dynamic market changes and the diversification of needs in the industrial product field by enhancing these product lineups and strengthening product competitiveness.
The market demand in industrial product field is expected to increase in the medium and long-term, given the increasing need for the promotion of industry and a low carbon society on a global scale.
In response to these trends, on May 1, 2015, Hitachi established the Industrial Products Company to strengthen the competitiveness in the industrial product business and to expand this business on a global scale. The Industrial Products Company, which mainly engages in the large industrial product, conducts business operations based on uniform strategies with HIES, which mainly engages in the small and medium-sized industrial product business, and has examined optimum business structures. At this time, Hitachi decided to reorganize the power distribution and control product business and the air compressor business.
Certain disclosures and details have been omitted as the Power Distribution and Control Product Business Company Split is an absorption-type company split transferring the businesses from Hitachi and a wholly-owned subsidiary of Hitachi to another wholly-owned subsidiary of Hitachi, and the Air Compressor Business Company Split is an absorption-type company split transferring the businesses from Hitachi to a wholly-owned subsidiary of Hitachi.
Specifically, the design, manufacturing and quality assurance divisions in the power distribution and control product business for industrial fields at the Industrial Products Company (a Hitachi's in-house company) and the design, manufacturing, quality assurance and sales divisions in the power distribution and control product business at Hitachi Power Solutions Co., Ltd. will be transferred to Hitachi Industrial Equipment Systems Co., Ltd. ("HIES"), through a company split (the "Power Distribution and Control Product Business Company Split").
In addition, the design, manufacturing, quality assurance, sales and after-sales service divisions for the large capacity air compressor business at Hitachi's Industrial Products Company will be transferred to HIES, through a company split (the "Air Compressor Business Company Split").
In this way, Hitachi will establish a structure that will enable the more effective use of management resources in both the power distribution and control product business and the air compressor business, while at the same time responding to dynamic market changes and the diversification of needs in the industrial product field by enhancing these product lineups and strengthening product competitiveness.
The market demand in industrial product field is expected to increase in the medium and long-term, given the increasing need for the promotion of industry and a low carbon society on a global scale.
In response to these trends, on May 1, 2015, Hitachi established the Industrial Products Company to strengthen the competitiveness in the industrial product business and to expand this business on a global scale. The Industrial Products Company, which mainly engages in the large industrial product, conducts business operations based on uniform strategies with HIES, which mainly engages in the small and medium-sized industrial product business, and has examined optimum business structures. At this time, Hitachi decided to reorganize the power distribution and control product business and the air compressor business.
Certain disclosures and details have been omitted as the Power Distribution and Control Product Business Company Split is an absorption-type company split transferring the businesses from Hitachi and a wholly-owned subsidiary of Hitachi to another wholly-owned subsidiary of Hitachi, and the Air Compressor Business Company Split is an absorption-type company split transferring the businesses from Hitachi to a wholly-owned subsidiary of Hitachi.
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